Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: eddie r gammon who wrote (66287)	10/4/1999 7:19:00 PM
From: NickSE	Read Replies (2) \| Respond to of 86076

lol...is it me or does our whole society hinge on stock options nowadays? Pretty soon cash is going to go the way of gold as a useless form of currency and we'll be swapping stock certificates at the grocery store for a six-pick and some BeefJerkY...:^) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Summer Job Nets Teen Stock Option Bonanza dailynews.yahoo.com SAN JOSE, Calif. (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.''