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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (68580)	10/3/1999 1:00:00 PM
From: Les H	Respond to of 132070

Summer job nets Calif. teen stock option bonanza 06:57 p.m Oct 01, 1999 Eastern SAN JOSE, Calif., Oct. 1 (Reuters) - Forget mowing lawns or working at the local ice cream store. Hans Pang, a 17-year-old California high school student, got his summer job at a hot Silicon Valley start-up -- and saw the value of his stock options soar to more than $100,000. Pang, who told Friday's San Jose Mercury News that he ``likes being around cool machines,' worked in technical support for executives at Alteon Websystems (ATON.O), a San Jose-based company which sells Internet hardware and services Web sites. Instead of a salary, he agreed to accept an option of 750 Alteon shares. When the company went public last week, the value of his stake shot up to more than $100,000. The value later settled at about $70,500. Pang, the son of an acupuncturist and a part-time bank teller, said the market gyrations didn't concern him. ``I can't do anything about it, so why worry about it?' The Mercury News quoted him as saying. ``Anyway, I expect the stock to level off after the IPO frenzy.'