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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: Greg h2o who wrote (31875)1/23/1998 4:11:00 PM
From: Gary Korn  Read Replies (3) of 61433
 
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?

Greg, I know it's a bad day in Atlanta (you are welcome here in Tucson any time), but I want those engineers at ASND/CSCC to be happy and productive. The repricing was a great morale booster, as witnessed by the significant turnover reduction. I don't begrudge them their options. (I know you don't either, and that it is just the rain.)

Gary Korn
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