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Technology Stocks : Ascend Communications (ASND)
ASND 225.06-0.6%12:53 PM EST

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To: Dennis R. Duke who wrote (49478)7/2/1998 7:18:00 AM
From: polarisnh  Read Replies (2) of 61433
 
Dennis,

<What fries me is that these are the same employees who got their options re-priced while us shareholders did not get our market purchases re-priced and had to wait it out to get back our basis.>

Repricing of options in the high tech field is very common. It is part of the employee compensation plan. A lot of the time people are willing to accept a lower wage package if options are thrown in. If management didn't do some form of repricing of these options people would have probably bolted. Shareholders are just that, shareholders. If at any time that they feel the price of their shares are not justified they can sell them.

I understand your frustration though. There were days last December and January when I was hoping my stock purchases could get repriced!

Cheers,

Steve
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