Cyrix 1 Where anything goes Message Board

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Technology Stocks : Cyrix 1 Where anything goes

CYRX 8.690

-0.8%

Nov 14 9:30 AM EST

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To: Mark A. Forte who wrote (77)	12/30/1996 5:34:00 PM
From: Art Courville	of 640

Mark - I've read several messages that imply that the the info in the S-8 registration statement has implications for the future of Cyrix. Although I haven' looked at the S-8, let me provide some speculation about the content and the erroneous conclusions that I think are being drawn. Form S-8 is a form used to register stock/stock derivitives to be used as compensation. The price shown on the front is used strictly for calculating the fee to be paid, and relates more to the market price at the time the S-8 was filed than anything else. Employee options are almost always issued with an exercise price equal or close to the market price when they are granted. The fact that they filed an S-8 means only that they needed more shares available for their option plan (common with companies where the stock price has fallen, since the old options will be underwater and have less incentive/retentive value). The timing of the S-8 usually has little or nothing to do market events, earnings or anything like that, and I don't think you can reasonably draw any conclusions from it. Art

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