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To: TideGlider who wrote (11017)	12/4/1997 8:13:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 25960

selling calls is like shorting, it is unamerican to short your own company's stock. I for one would allow them to sell covered calls on anystock they might have in inentory, but I think that would open the door for shady deals in smaller companies (new versions of the floor less debentures). The financial engineers on t Wall Street would love it. Zeev

To: TideGlider who wrote (11017)	12/4/1997 9:05:00 PM
From: aknahow	Read Replies (1) \| Respond to of 25960

A corporation being able to sell calls or puts is beneficial to the companies we both invest in. You have seen the case for selling puts as a way to buy back stock or earn the premium and for any company seeking to raise additional capital by a public offering and able to meet all the legal requirments entailed of doing so by selling calls has an additional tool for meeting financing needs. Some companies have already done more complex deals involving both the purchase and sale of options. Can a corporaton screw it up in some creative way? Probably, but they can do that on the pricing or timing of a standard offering in any case.