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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (2244)	9/20/1998 9:35:00 AM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

Chuzz, I actually think I agree with them to an extent. Having all the employees holding options with an exercise price significantly higher than the current stock price is no way to turn things around...if anything it is a way to demotivate and/or lose employees which can often times make the problem even worse....Particularly in technology companies where it is not always so easy to replace lost employees with others of high caliber who usually prefer to go with a winner. As an investor, I'd certainly like to see my cost basis of a stock repriced but then again, I (nor any other investors) are in a position to contribute to increasing a company's value. I noticed that senior management's options were not repriced. Interesting that they were all granted prior to the IPO. Wonder why that is? Probably have exercise prices of $5 or something. Melissa