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To: Rob Taylor who wrote (9392)	3/5/1998 9:54:00 AM
From: Steven R. Bergman	Respond to of 12454

George, Rob, I agree. The value of an option is supposed to be an incentive for employees to exert effort to raise the value of the company from a current level. If they succeed, the price of the stock goes above the strike price and they profit accordingly. If they fail -- and anyone who believes management has succeeded is higher than the egos of those who've had the temerity to have their options repriced -- the stock price doesn't rise and the options expire. To reprice options is to reward failure. A Board that rewards failure deserves to be put on notice, as Gary has suggested be done, that it will be deemed negligent and culpable (if that is correct, I'm not trying to play lawyer here) to the extent that it fails to fulfill its independent responsibility as fiduciary. Steve

To: Rob Taylor who wrote (9392)	3/5/1998 2:49:00 PM
From: Lee Kennedy	Read Replies (1) \| Respond to of 12454

>>Lee did a nice job trying to estimate Softworks impact on the whole thing. I hope someday we'll see just how close you came to the actual numbers.<< Rob, The fiscal year figures I posted for Softworks were not guesstimates. In the 1994 10K, revenues for Softworks for fiscal 1993 and 1994 were listed as 2,530,000 and 9,449,000 respectively. The 1996 10K states that Softworks' 1995 revenues increased 2,177,000 over 1994 and 1996 increased 4,899,000 over 1995 revenues.So...adding 2,177,000 to 9,449,000 makes 11,626,000 for 1995 and then adding 4,899,000 to 11,626,000 makes 16,525,000 for 1996. What I was unable to do was figure out the quarterly earnings each year. I think some pretty good estimates could be made based on the information available, but they wouldn't be exact. Lee

To: Rob Taylor who wrote (9392)	3/5/1998 10:14:00 PM
From: Parker Benchley	Respond to of 12454

Rob, No, I'm sorry Rob, but you didn't answer in the form of a question. You see, CCC (sounds redundant huh?) could not let the stock go to 1/256 as that would make the option price higher than the stock price (again) forcing the board to call an emergency meeting to re price the options at 1/512. As you well know Rob, doing this may upset the space time continuum manifesting in violent, physically, positive charged energies within the black hole of reason created by the bonuses and options without precedent. It's a quantum cliche. My goodness Rob, the explosive result might end in something disastrous like clear accountability...as to why? George