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Re: How many worthless stock options do yo

Subject: Re: How many worthless stock options do yo
From: Marilynne Smith <marilyns -at- qualcomm -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Fri, 21 Sep 2001 16:47:13 -0700

At 03:50 PM 9/21/2001 -0700, Janice Gelb wrote:

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.

That _is_ crazy! Stock options are like believing in Santa Claus. Once in a while something happens to justify your faith in holding them. The rest of the time they're like a fairy tale. You have high hopes, but you've got nothing you can put in your pocket.

Marilynne


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Janice Gelb



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Re: How many worthless stock options do yo: From: Janice Gelb

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