How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

3:59 PM EST

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To: John F. Dowd who wrote (22684)	5/13/1999 6:31:00 PM
From: RTev	Read Replies (2) of 74651

Here's a story on the temp compensation story from this morning's Seattle PI. It says the same basic things, but goes into bit more depth than the others posted so far: Microsoft temps win stock discounts seattle-pi.com Implications -- Contingent workers and independent contractors can retroactively participate in Microsoft's Employee Stock Purchase Plan, so long as they worked at least 20 hours per week over five months during a year between the end of 1986 and now. --Current temporary workers and independent contractors are most likely eligible to participate as long as they meet all other qualifications. --Microsoft may have to extend to temporary workers and contractors all the benefits it gives to its employees. Microsoft could request a rehearing from the three-judge panel that ruled yesterday, ask for review by the entire appellate court or seek review in the U.S. Supreme Court. If the Appeals Court ruling is upheld, the case would go back to the notoriously cranky Judge John Coughenour. This is a report from one of his recent hearings on the subject: Angry judge tells Microsoft to redo 'temp' contracts seattletimes.com 1/14/99: An angry federal judge told Microsoft today to rewrite contracts it is asking temporary workers to sign, calling language Microsoft added to them "outrageously arrogant." ... Coughenour presides over two class-action suits filed by temporary workers - one in 1992 and another last year. The suits, both pending, claim Microsoft treats those workers like full-time employees in every regard but compensation. The workers are seeking payment from employee stock-purchase plans to which they claim to be entitled. And the Microsoft response: Microsoft rewrites contract language for temporaries seattletimes.com 1/26/99: Microsoft has eliminated language from temporary-worker contracts requiring them to sign away potential gains from pending class-action lawsuits. Oh. And if you think you should be included in the class: bs-s.com

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