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Technology Stocks : Echelon Corporation (ELON) -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (2984)	6/11/2002 10:50:41 AM
From: Ted The Technician	Read Replies (1) \| Respond to of 3076

I'm aware of many companies that re-issue the options. CIEN did that a couple years ago after an attempted merger with the company failed and CIEN's stock price dropped. Its stock price rose swiftly within a year after that, but I doubt that the re-issue of the options contributed significantly to that rise. Shareholders should also be given options as an incentive to not sell the ELON stock. Each stock purchase should be accompanied by a grant of options from the company. If the stock drops, the shareholders' options should also be re-priced as an incentive for shareholders to not sell the stock. Until this happens, I'll start to send in my votes with "NO" on the options. A regulatory body is proposing that the compensation board, the board of directors, and company management must be independent to avoid conflict of interests and to strengthen corporate governance. Regarding trying to figure the "final hit" to corporations that re-issue the options... I find it very difficult to determine. The option disclosures appear only on the annual 10k/proxy reports. I cannot find any such disclosures on the 10Q reports. A company could re-issue the options or insiders could execute/sell tomorrow, and I wouldn't have a running count of what is out there until the 10k is filed. The 10k must be filed within 90 days of the end of the 10k period. By the time the 10k is filed, the options info is already out-dated for the active investor.