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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Todd D. Wiener who wrote (2612)	12/17/1997 1:18:00 AM
From: Sigmund	Read Replies (2) \| Respond to of 14266

No I don't expect the stock to stay at $20 and certainly don't require it to behave this way. I am ready for $30 anytime the gods of Wall Street grant me this present. If you insist that it be $40, ok. I can handle that. But I can't agree that the Wedbush downgrade was good news in the short run. Yes it may work out for us and long term it is not important but in the short term I believe it stopped the advance. Also, if Farrell had called you on the phone and asked you what impact news of him selling this stock bought from options might have on market perceptions, might you not have suggested that it wasn't the best possible news? Maybe not. Again long term it probably isn't significant in fact its significance is only to raise questions as to Farrell's perception of the shortterm. If the shortterm is positive, then the selling of the stock is a non-issue. As December unfolds and as more clarity is gained re the prospects for the fourth quarter and also the first quarter, I agree that old news becomes just that and fades in significance. The sale of the stock does raise the issue of the wisdom of issuing stock options. Didn't they use to have something called performance units where the executive is paid from the company based on the stock's performance as if he/she had been issued options? Did this approach get knocked out by some tax reform law along the way? Some sort of bonus based on the performance of the stock would have avoided this problem. It hurts earnings so I assume that is why it is not done.