Interesting SCO goings-on

[Net Llama!]

On Sun, 3 Dec 2006, Collins Richey wrote:
> On 12/3/06, James McDonald <james at jamesmcdonald.id.au> wrote:
>
>> I bought about a dozen shares in the fibre optics company I worked at
>> JDS Uniphase www.jdsu.com around '99-'00 for about $85ea and then the
>> dot com crash hit and they went to ~$2ea. Looking them up now they are
>> selling at $*18.05ea. That will teach me to take part in an Employee
>> Stock Purchase Plan... sigh.
>>
>
> I was more fortunate than you. I had some number of shares (memory
> fails me how many) granted to me as a bonus. The year part of the
> options became exercisable, I managed to sell them at the maximum
> stock price for the year. Not to be daunted by that, the company
> managed to get the last laugh by laying me off before the final option
> shares became mine.

Reminds me of VA Linux.  A huge number of employees had stock options at 
the original stock price of $212, and there were additional groups who got 
strike prices at whatever the stock was selling for on the day they were 
hired ($150, $85, $56, etc).  All of them were under water from day one as 
the stock value continued to drop until about 2 years ago.  Even my 
original options were priced at $8.62, and I was under water the entire 
time i worked there.

-- 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Lonni J Friedman                        netllama at linux-sxs.org
LlamaLand				http://netllama.linux-sxs.org