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To: Ken Brown who wrote (925)3/16/1998 3:50:00 AM
From: Q.  Respond to of 2506
 
EA also filed its definitive proxy for its special shareholder meeting. I noticed the following fascinating fact, which I overlooked when reading the preliminary proxy a couple of weeks ago:

Not a single share of stock is owned by the current officers or directors.

Not one.

They all hold options, but none own any shares.

You don't find that very often.

I think most of them have been there since last spring or last summer, so they have certainly had time to buy shares.

The only gesture of current management's confidence in the co. that I can find anywhere, as expressed by their interest in the equity, is in a Feb. 4 news release:

<<It is also announced that the management team, having great
confidence in the Company's strategy and execution have chosen to
take their Performance Incentive Compensation, normally paid in cash,
in the form of stock options granted at current market prices. "The
Board and I sincerely appreciate the confidence the entire management
team has placed in the success of the Company," said Frank Brandenberg. >>