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Technology Stocks : Adaptec (ADPT)
ADPT 17.52-1.5%Jan 16 9:30 AM EST
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To: Investor2 who wrote (3601)9/4/1998 2:43:00 PM
From: Jim Switz  Read Replies (1) of 5944
 
Re: "What was the part in your summary about re-setting option prices?"

I assume that was tongue-in-cheek? Well, existing vested options are still exercisable at the old (low) prices, so nothing to do about that. Boucher did say that the board did not reprice their own options; don't know if that applies to senior management as well. Also, the annual financial data indicates no management bonuses were paid this year. Well, I should hope not!, but at least they're being a little deferential to shareholder interests in this respect.
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