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Technology Stocks : Microprose, MPRS
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To: Coy Lynn Gullett who wrote (257)2/21/1998 8:43:00 PM
From: GregW  Read Replies (1) of 633
 
Re: Executive stock purchase

>Just a note.. Steve Race bought 50,000 shares over $100,000 dollars >cost.. His Salary excluding bonus for 97 was $296,384
>A little over one third of salary went into this purchase..
>This represents a significant purchase, If Steve made millions a year
>then yes it would be reletivly small numbers

In the conference call, Mr. Race said, "I might also state how pleased I am that several other senior executives have joined me in purchasing a combined total of more than 100,000 shares of Microprose stock on the open market in recent weeks. I think this is a real demonstration to employees, customers, our channel, and investors of the confidence management has in its ability to set Microprose not only back on course but on a better course than we were following."

So I assumed that the purchases were relatively evenly divided among the senior executives. Your data proves that it was not. Thanks for the correction.

Greg
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