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Technology Stocks : Phoenix Technologies (PTEC)
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To: The Pope who wrote (3177)3/4/1999 5:53:00 PM
From: Robert Alan  Read Replies (2) of 3624
 
Mr. Pope,

You sound like a former Phoenix employee. In reference to Mr. Caldwell's posting:

Not only does Riopel need to come up with the cash to exercise the options (or lose them all), he needs to pay the tax on the gain at ordinary income rates. At the time of exercise, 20% to the IRS, the remainder, plus California income tax is due on 4/15/00. So he needs about $500,000 in cash.

I never cease to be amazed as to how much dumb misconception the posters to these pages have; it is most unsettling.

It's bad enough to deal with Riopel, Kay, Bob Angelo, and stockbroker slime. That is why I have not been on these pages for many months. I know I will take a heap af abuse for this, including several "...do not come back" messages. However, I had to get this off my chest. I am out of PTEC now (in at 15). But I may jump back in.

Robert
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