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Technology Stocks : Adaptec (ADPT)
ADPT 18.62+14.1%Nov 21 9:30 AM EST
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To: slob who wrote (1557)4/1/1998 8:53:00 PM
From: Jim Switz  Read Replies (1) of 5944
 
Slob said:

Sure no high tech companies (well very few anyway) have ever laid off design engineers, but they leave anyway. Why? The reason is often that a downturn like this one reduces the value of their options to ZERO. Remember this is half their salary (for the last 5 years or so) and it just became worthless.

ADPT employee options were repriced a few weeks ago in the low-$20 range. I believe vesting periods were extended 6 months as well. So employee option motivation is still there, in fact you could look at it that they don't have to work nearly as hard because they no longer have to get the stock back close to $50 for options to be in the money.

Now, when do OUR shares get repriced??? ;-)
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