Re: How many worthless stock options do yo

[Janice Gelb <janiceg -at- marvin -dot- eng -dot- sun -dot- com>]

david -dot- locke -at- amd -dot- com writes:
>Maggie said:
>
>|It's an opportunity to spend your own money to fund their company which
>pays >you your money, to...  It isn't money.  I'd just as soon go to Vegas.
>
>Here in Austin, back during the dot com boom, stores would take stock
>options. It was nuts. 
>

What was *really* nuts was that at least in the SF Bay area, some 
mortgage companies structured mortgages that counted people's 
stock options as if cashing them were part of their regular income. 
When the stocks came crashing down, not only were the people's 
"savings" gone, but they didn't even have enough monthly 
income to cover their mortgage payments.

******************************************************************
Janice Gelb               | The only connection Sun has with      
janice -dot- gelb -at- eng -dot- sun -dot- com   | this message is the return address. 
http://www.geocities.com/Area51/8018/index.html


^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

A landmark hotel, one of America's most beautiful cities, and 
three and a half days of immersion in the state of the art:
IPCC 01, Oct. 24-27 in Santa Fe.  http://ieeepcs.org/2001/

  +++  Miramo -- Database/XML publishing automation.  See us at  +++
  +++  Seybold SFO, Sept. 25-27, in the Adobe Partners Pavilion  +++
  +++ More info: http://www.axialinfo.com  http://www.miramo.com +++

---
You are currently subscribed to techwr-l as: archive -at- raycomm -dot- com
To unsubscribe send a blank email to leave-techwr-l-obscured -at- lists -dot- raycomm -dot- com
Send administrative questions to ejray -at- raycomm -dot- com -dot-  Visit 
http://www.raycomm.com/techwhirl/ for more resources and info.