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Technology Stocks : Stratex Networks, Inc. (STXN)
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To: Quest who wrote (1686)1/3/2007 5:10:31 PM
From: Rob Preuss  Read Replies (1) of 1762
 
Although I say in the previous two posts that I think the recent actions by the CEO and CFO (to exercise and sell their options) does not express confidence in the post-merger prospects for the company, I should also mention that it seems likely that these options were about to expire on 31 Dec 06. If that is the case, they would be faced with the prospect either of putting up some fairly significant cash (on the order of $100K) so as to exercise and NOT sell their options or to take the action they did.

If these options were to expire on 31 Dec 06, then I may have chosen the same course of action as the CFO and CEO. In this case, I would NOT take this as a bearish statement on the prospects for the post-merger company. (Its not particularly bullish either, but it does seem prudent.)

On the other hand, if these options were NOT going to expire soon, then I think their action is a bearish statement on the prospects for the post-merger company.
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