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Technology Stocks : iBasis, Inc.

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To: Jim Oravetz who wrote (205)	9/12/2006 12:48:35 PM
From: Jim Oravetz	Read Replies (1) of 211

IBasis Launches Voluntary Review Of Stk-Option Grants>IBAS DOW JONES NEWSWIRES September 11, 2006 8:03 a.m. IBasis Inc. (IBAS) became the latest company to begin reviewing its handling of stock-option grants. The Burlington, Mass., wholesale carrier of international long-distance phone calls said it hired independent legal counsel to work with a board committee conducting a voluntary review of the company's historical grants. IBasis said it will file a preliminary proxy related to its previously announced share purchase and sale agreement with Royal KPN NV after the internal review is complete. A broadening number of companies have begun examining the dating of stock-option grants, which in some cases appeared to be timed artificially to coincide with lower share prices, maximizing profits for the options' owners.

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