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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: DiViT who wrote (48639)	2/15/2000 1:48:00 PM
From: ftmp	Read Replies (1) \| Respond to of 50808

Will Cube employees lose all their un-exercised options due the selling of divicom and spin off cube-semi, and they will get new options at higher price?

To: DiViT who wrote (48639)	2/16/2000 2:33:00 PM
From: Dinesh	Respond to of 50808

Looks more like ESPP.

To: DiViT who wrote (48639)	2/16/2000 8:15:00 PM
From: John Rieman	Read Replies (1) \| Respond to of 50808

The insider buying looks like an employee rights offering of C-Cube Semiconductor. Al of those guys would have bought more(at least not odd lots), if they could. Employees with options won't get HLIT shares, they will get C-Cube Semi options repriced so their total $ value will be the same as the close before the merger. ie, if C-Cube closes at $100 per share, and Semi is trading when issued at $20, the employees get enough options, at lower strike prices, to make up the difference. On the Friday before Monday the 31st of January, the implied price of C-Cube Semiconductor was $17.13. Options are priced in the $18 & $19 range. Last years grants..... 10kwizard.com Alex did exercise 200k shares.......................... biz.yahoo.com