SatCon Technology (SATC) Message Board

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Technology Stocks : SatCon Technology (SATC)

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To: Joe F. who wrote (113)	12/31/1997 10:48:00 AM
From: James Mortensen	Read Replies (2) of 440

SatCon's annual report. sec.yahoo.com Has some interesting points--I don't have time to comment right now. Except for this: The company issued about 144,000 options in 1997 and had about the same number exercised (at an average option price of $2.25--nice return!). However, there are still over 500,000 shares that are CURRENTLY (as of the end of the September '97 fiscal year) eligible to be exercised at an average share price of $8.14. This tells me that most of the employees and other option holders believe the stock will continue to appreciate significantly over the $10-11/share it was trading at then (Sept. 97). Internal optimism is usually an excellent leading indicator. After reading the company's options plan, I am very impressed with the very conservative approach the company takes. They do a very good job of protecting the outside (non-company affiliated) investors, as well as themselves. This company believes in itself! Jim

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