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Technology Stocks : Corel Corp. -- Ignore unavailable to you. Want to Upgrade?

To: hdl who wrote (9708)	3/30/2001 9:54:27 AM
From: Francois Lavoie	Read Replies (1) \| Respond to of 9798

Whenever I find a company that tries to lower the exercise price of existing options, I find it outrageous. Hope it is not true, because then I will not buy Corel anytime soon. Francois Posted Friday, March 30, 2001 Corel may cut stock options to execs By The InBusiness Media Network Corel wants shareholders to let it cut the exercise price from $15.25 to $5.70 on more than 1.7 million stock options it gave to executives. Corel said the diminished value of the shares would prompt the cut. As well, the shares no longer hold the same appeal to attract employees. Corel officials and some industry officials see the move coming to fruition because shareholders might be willing to give new CEO Derek Burney a break on his plans to move the company in a new direction. But some Canadian institutional investors, such as the Ontario Teachers Pension Plan Board, oppose the plan.