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Technology Stocks : RETIX (RETX) Perhaps Another Acquisition Target For CSCO?
VRTL 71.36+8.8%3:59 PM EST

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To: Marci L who wrote (1013)3/1/1998 5:41:00 PM
From: Adam Smith  Read Replies (1) of 1119
 
The compensation committee put together this sweetheart deal
for Stephan. My proposal is anyone associated with this deal
should resign from the board, Stephan included. How can they
take 1.5M out of a company losing money down to it's last
$6.2M.

I'm sure the big NEW shareholders like Drazan, Brown and Brill
were not party to this. Only the old board members and Stepan
could have done this. Doesn't make any sense to milk the
company just as Wall Street is looking for a turnaround.

I am long, very long and have only been adding to my large
position for the last two years. Marci I am acting like a
long term owner of a company I want to see be a leader in it's
field. I think any long term shareholder like me should be
outraged at this action and encourage us all to write to
the responsible board members to show our displeasure.

Adam
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