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To: R. Jaynes who wrote (8806)6/17/1998 2:53:00 PM
From: David  Respond to of 26039
 
Rick,

If these insiders have not sold since the last report, yes, they would be listed as having an increased ownership position in the company. Employee option shares, as you probably know, are given rather than bought, and have value only if the share price is greater than the option price (and I bet a number of options are worthless at the moment).

If these guys knew the stock was going down another 20%, do you think they would have bought at $8? They thought they had a bottom. Sometimes the price of a company does not correspond to its intrinsic value.



To: R. Jaynes who wrote (8806)6/17/1998 3:06:00 PM
From: marvin smith  Respond to of 26039
 
Rick, With new product announcement due out soon insiders might be restrictd in buying, maybe thats why they bought earlier. Just an idea. Marvin



To: R. Jaynes who wrote (8806)6/17/1998 5:01:00 PM
From: Buck  Read Replies (1) | Respond to of 26039
 
If I remember right, the exercise price on the last annual report was above the 11.00 area. I don't think too many people are going to jump to exercise yet if that's the case.

Personally I think they ought to leave the price aroud 11. At our next annual meeting they will probably vote to lower it to six so they can rape us again!