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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (3112)	9/27/2002 6:34:22 PM
From: Jorj X Mckie	Respond to of 57110

And i don't think that they have every had a PE. But with a book value of $12, I am sure that people will be screaming that it is time to buy. Of course, how much of that book value is intangible.... I have some opinions on the whole overpaid with options exec thing. Really, it is just result of gov't meddling in areas where they shouldn't. Specifically referring to salary caps. Options were then used to lure the best and the brightest. Not a bad strategy. I think it is up to shareholders to let management know when options compensation gets out of hand. I have no problem with a great exec making good money, but I think that the monetization of shareholder value got a little bit out of hand. Not that I didn't benefit a bit from this little arrangement.