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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Meredith who wrote (10288)	4/10/1998 5:58:00 PM
From: Mark Finger	Respond to of 14631

Regarding Phil (from the 10K, page 65): Includes 1,245,000 shares of Common Stock issuable upon exercise of outstanding options which are presently exercisable or will be exercisable withing 60 days of December 31, 1997. Mr. White resigned as Chairman of the Board of Directors, President and Chief Executive Officer in July 1997. Mr. White's options remained exercisable for 90 days after the termination of his employment, and such 90 day period was extended for any days when the Company was out of compliance with its reporting requirements under the Exchange Act. See "Management's Discussion and Analysis of Financial Condition and Results of Operations." Mr. White's options expired in February 1998. Prior to the termination of such options, Mr. White exercised options to acquire an aggregate of 540,000 shares of Common Stock in January and February 1998. ----------- Note--Phil lost 700,000 option shares that either were not vested, or more likely had an exercise price above the price Phil wanted to exercise at.