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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: mike.com who wrote (743)	3/19/1999 6:17:00 PM
From: StaggerLee	Read Replies (1) \| Respond to of 13157

21.4 million is average shares outstanding for the entire year, not the end of year figure. Average shares outstanding is up an unbelievable 81% for the year. How this company generates $9 million a year of cash expenses is beyond me. Looks like management scored another windfall with their options plan: >>The net loss came from....stock appreciation rights charges resulting from a higher market price for the Company's common stock << What they're saying here (I think) is that the value of an option on a $4 stock is greater than that of an option on a $1.50 stock. You'd think they'd reduce the number of options granted to management to take this into account, so that the economic cost to the company is consistent. It's disturbing (but not surprising) that they don't.