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Technology Stocks : Apple Inc.
AAPL 273.40-0.1%Dec 26 9:30 AM EST
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To: Eric Yang who wrote (24103)4/18/1999 3:25:00 PM
From: Mike Connolly  Read Replies (1) of 213177
 
Eric, when options vest, employees typically have the right but not the obligation to purchase the shares for 10 yrs. Don't know if this is necessarily the period Apple uses, but my point is Cook didn't have to exercise his options in Feb. or forego his right to do so at a later time. While it may seem sensible to diversify, you have to figure he wouldn't do so if he thought the company's business was clearly going to scream in the near term ...

I'm reminded of the story about Steve Ballmer -- when he got hired by Bill, he BORROWED $50 million so he could buy even more msft stock than his options gave him rights to -- he was that confident of the company's future.
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