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To: Bilow who wrote (39754)4/13/2000 9:01:00 AM
From: Zeev Hed  Respond to of 93625
 
Carl, I am not sure about the details, but in the conference call they alluded to the fact that once the shares were above $200 for 30 days consecutively, their hand were tied, because these options were very likely to be exercised, and at that time (the 30th day) they had to make a log entry of this "expense" in their book, that is why I believe the "loss" is so big.

Zeev