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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: B.G. Galbraith who wrote (3166)3/11/1998 2:43:00 PM
From: kech  Read Replies (1) | Respond to of 8358
 
B.G.- They were mistakenly represented as purchased by the CEO. Instead, they were options to buy at 30 something when he was hired. Difference is that he hasn't put his own capital at risk but it was an inducement for him to come to CS.



To: B.G. Galbraith who wrote (3166)3/12/1998 7:46:00 AM
From: Alan Siegal  Read Replies (1) | Respond to of 8358
 
<< This ought to give him some long-range incentive >>

Rest assured that if the price doesn't come up well above 30, the board will see fit to reprice the options at 15. Cosi fan tutti.

-Alan



To: B.G. Galbraith who wrote (3166)3/12/1998 1:45:00 PM
From: Allen Scher  Read Replies (1) | Respond to of 8358
 
I made that comment. I found the statement in a news article or on a web site . I did not keep a copy . I used it in a report for a small investment club (I am a member). It may well be wrong, and I will try to avoid such repetition in the future unless the source is clear. ALLEN


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