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Technology Stocks : Ascend Communications (ASND)
ASND 204.41-1.0%Nov 14 9:30 AM EST

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To: Maverick who wrote (31871)1/23/1998 3:25:00 PM
From: Greg h2o  Read Replies (4) of 61433
 
RE: <option reprice in Nov 97 at $24 11/16, >
Doesn't that really bite? Gee, let's just give everyone incentive with absolutely NO risk. Hell, while we're at it, let's go ahead and lower EVERY shareholder's basis to 24 11/16. Oh, that won't work, will it? Where's the incentive in this? OK, maybe they could have repriced them a little lower to give them something to strive for, but weren't they really LUCKY in pretty much ringing the bell at the bottom?

Without a doubt, they should have used some of their cash to buy back shares if they felt they HAD to reprice the options. At least it wouldn't be quite as dillutive to the rest of us. Gee, I wonder who owns the most options????

I hate being this cynical, but it's rainy and cold here in Atlanta and I guess it just seems like the thing to do.

regards,
greg
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