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To: Michael Gaudet who wrote (3610)10/7/1998 12:32:00 PM
From: dougjn  Read Replies (1) | Respond to of 10309
 
I think the market is taking a sharp pencil to the effects of option dilution on companies in general, and software companies in particular. Particularly if aggregate earnings growth slows at the same time that huge numbers of options vest. Double whammy.

Things that were ignored in a rosy environment now matter.

Doug