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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (11834)	2/18/2002 9:41:43 PM
From: Sr K	Respond to of 12623

ONI had one of the most ridiculous options plans I've seen. For this alone, I'm glad that got squeezed out. "In addition, on January 1 of each year, the aggregate number of shares reserved for issuance under our 2000 equity incentive plan automatically increases by a number of shares equal to 5% of our outstanding shares on December 31 of the preceding year." Edit: And, Martin got ~4,780,000 of his shares for $.005 per share, payable as Notes at 6.13% interest. Back he goes to investment banking, I suppose. But I'd be wary of being on the other side of any of his deals. CIEN should probably pay no more than 2 x cash, so I think they're overpaying. Plus the investment banking types in ONI will be sellers to turn this into cash. Just IMO.