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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (4887)	11/26/1999 5:27:00 PM
From: Don Wellington Jr.	Read Replies (2) \| Respond to of 4903

Per OnSale - Egghead Management at the Merger meeting Nov. 4th, the additional shares were needed to even out all employee's stock option plans. OnSale was very concerned that the culture of the merged company be the same, and part of that was to be sure employees at all levels of the new company were motvated equally,with a stock options plan. Many of the Egghead employees were not participants in such a plan prior to the merger. While the "dilution" is still real, it was not done for the profit of top management or to fund extraneous expenses. Sales have been fantastic the last week, and do show a difference from pre-merger.