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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: inside novell (Hijacked) who wrote (6772)	6/25/1998 11:12:00 AM
From: Bosco	Read Replies (2) \| Respond to of 6980

g'day all, dear inside novell - sorry to hear what happened to the friends of your brother. I am sure these ex-employees feel short-changed, real or imaginary. I am no legal expert, and sometimes even judicial systems don't do justice, but it seems that these people you talk about expect loyalty from mgt without giving any in return. I mean, as you put it, the whole team left at the same time for a startup?! I understand very well this is part of the SV pathos, so I ve no qualm with that. The fact that House & co have negotiated with NT in good faith to ensure there is no massive layoff when and if the merger comsummates, that is loyalty. The fact that House & co elect to dishing out share options to employees, not ex-employees in spite of the street grumpling about share dilution, that is loyalty. The fact that people are attracted by higher pay or vision of startup [ipo] windfall, that is not loyalty [and not disloyalty, I suppose, just opportunistic.] So, people have to ask themselves: can they have the cake and eat it too? best, Bosco

To: inside novell (Hijacked) who wrote (6772)	6/25/1998 1:25:00 PM
From: Joachim Martin	Respond to of 6980

IN, Re: 'canceling shares' I don't understand what you mean by this. When Stock Options are exercised they are purchased by the employee, and become his/her property. If House figured out a way to revoke ownership rights on their purchased shares, well, hmmmm. That's called theft. Don't think so. When you leave a company, you generally get 3 months to exercise vested shares. Could it be that he revoked this option? The unvested portion goes back into the pool for Option Plans. If House canceled options that had been vested and weren't excercised that sounds like a problem to me. I'm sure they signed an option agreement and it should be pretty clear. --Joachim