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To: LauA who wrote (7461)6/8/1999 1:23:00 AM
From: Michael Burry  Respond to of 78648
 
LauA, see my post to James re: ADSK cash flows and options/stock plans. I just don't get the negative number he gets at all.

Also, I too have noted that ADSK's options are priced above current levels by and large. Even though technical dilution will occur at those levels, the huge mismatch between market price and options price that marks the biggest offenders on this count is simply not present in Autodesk. To their credit, their employees generally do stay put.

Mike