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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: Charles Tutt who wrote (11297)10/15/1998 5:06:00 AM
From: JDN  Respond to of 64865
 
Dear Charles: I received my annual report and proxy in the mail yesterday 10/14. If you dont get yours shortly you may wish to contact your broker if your stock is in street name. The annual meeting is 11/17. Incidentally besides voting on the BOARD the other two votes are 1. To INCREASE stock option plan I believe 18,000,000 shares to an astronomical figure and 2. To DECREASE options to Directors??? First time I have seen THAT but havent yet read the details.
I for one am getting sick and tired of these TECH companies continually diluting the stock thru option plans. Am considering a negative vote but havent read it all yet. Does anyone remember if SUNW buys back stock in the open market to offsett the options being issued?? JDN