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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (29194)	4/25/2000 10:26:00 PM
From: Giordano Bruno	Read Replies (2) \| Respond to of 42523

Trendsetting MSFT from the Rap... ...New rules on the playground. . . As if to add an exclamation point to that last statement, today Microsoft announced what I would call a "do-over-plus" plan whereby employees would not get last year's options repriced - as we see often in do-overs - but they would get a new option grant at yesterday's closing price. So they get an option as though their options were repriced and they get to keep those. I'm sure all the employees are quite thankful for that grant, but that's the first time I've seen a do-over in this fashion, and of course that too will certainly add to the supply. However, that is a new wrinkle in the scheme and - we talked about this some last week - I think do-overs (a.k.a., repricings) will be a regular feature of the playground going forward.