Repricing the employee stock options is...
...good for us as shareholders. Long term and short term. PSFT is more than anything else an "intellectual product" company, dependent on its employees continuing to crank out esoteric, cutting-edge products. It is vital to its future to keep, and to attract, good people, and this action shows not only its current personnel but also those people who may have to decide about joining the company, now or in the near or long term future, that the company will take care of them.
And options are what motivates people in the Silicon Valley environment that this company exists in.
JMHO.
And furthermore, he said, IMO the R&D spinoff works to the same effect. A huge batch of money has been earmarked for R&D, the lifeline of the company, rather than being utilized on something less vital. We've got the money, we'll get and keep the people, so let's go.
The two actions seem linked, to my mind, by a common thrust. <g>
JM2dHO.
Tom
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