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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: I. N. Vester who wrote (2579)4/4/1998 12:53:00 PM
From: mooter775  Read Replies (1) of 27311
 
My understanding is that some of Reed's options were below the market at the time he left and he exercised and sold them in January. Others I believe were at or above the market and these expired 90 days after his leaving hte company. Same with Masuda.
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