Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: Tokyo VD who wrote (5066)	12/16/1997 11:29:00 PM
From: Karl Stearns	Read Replies (2) of 8002

Exercising stock options is not always a matter of choice or convenience. Even though he started the company, he doesn't own it anymore. We stockholders do. So, part of his compensation package includes stock options that can only be exercised at specified times. Those 375,000 shares may very well have been part of a necessary tax strategy or (believe it or not) cash that he needed. Hey, the holidays are here. Anyway, I wouldn't rush to conclude that he duped investors to make a quick buck. The guy's already made more fortunes than you or I will probably ever see. This sale of stock was most likely a drop in the bucket for him. I wouldn't want to be in the position of selling that much stock in a market that is pushing the price downward. I'm sure it had to be carefully timed not to put too much downward pressure on the price for the rest of us. This company is still Ted Waitte's baby.

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