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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Elmo Gregory who wrote (36011)	3/5/2001 5:41:46 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 42771

Aug 17th, 2001 --- a big day for employees On January 31, 2001, all employees (other than executive officers) who had not received a stock option grant within the past six months and one day were offered the opportunity to have their outstanding options, with an exercise price greater than $10 per share, cancelled. Upon cancellation, the employee received a promise to regrant the same number of options, with the same terms, six months and one day in the future at the then fair market value. Although the new option will have the same vesting as the cancelled option, it will not be exercisable until February 17, 2002. Options to purchase a total of 13.6 million shares having a weighted average exercise price of $26.82 per share were cancelled in connection with this option exchange. A like number of options will be granted on August 17, 2001 at an exercise price equal to the fair market value on that date.