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Technology Stocks : ACCLAIM Entertainment -- Ignore unavailable to you. Want to Upgrade?

To: Amadeo Mendez-Vigo who wrote (2608)	4/15/1999 1:51:00 PM
From: Gerry Schechter	Respond to of 4149

Amadeo-the only item I get a little pissed off about is that when the stock collapsed from $27 down to $4, they had their options repriced-so in effect they were rewarded for their own mis-calculations and mismanagement. I think when they had the options repriced from lets say 20 to 4 they should have lost 80% of their options-just a little anti-dilution protection for us shareholders-they've done a nice job over the last two years in engineering the turnaround-but they shouldn't have been so abundantly rewarded for overseeing the company while it lost in excess of $300,000,000-hell I could have done that and would have charged the company a lot less for it.