That may be true, but it depends on the approach you take.
People should never take stock options in lue of cash, as happens in Silicon
Valley a bit...
Options are merely a potentially very large bonus, note the word
potentially.
That said, IPOs vary in their quality anyway. Some companies IPO with very
little in the way of actual product or cashflow, such as this proposed
LinuxOne IPO. But that is not always the case. I may be biased, but an IPO
of a company that is safe, i.e. is actually profitable, is a lot different
to a blue sky IPO of some other companies, and we actually do fit into the
first catagory.
Adam
P.S. The views represented in this email are that of me and me alone, they
arn't that of the company blah blah blah...
P.P.S Oh, the job ad didn't mention you get to play with an ATM link :)
> Generally I'm dubious about trading $ in hand for illusionary future
> benefits (IPO?). It is probably okay for someone just starting their
> career who could afford to gamble and loose 5-10 years super without
> too much affect on their retirement.
>
> When you are longer in the tooth, it is not a gamble you can afford to
> take, particularly with the growing "stuff you, I'm alright approach
> of government". It has been a sad thing to see that metal recycling is
> something that most old-age pensioners resort to to make ends meet.
>
> Keep in mind the IPO bubble has to burst sometime. It all seems to be
> fuelled by worship of amazon.com, but everyone seems to be blithelty
> ignoring the fact that amazon.com has acculmulated losses of $US800
> million, with 7,500 employees and we keep hearing how "it is the new
> way of doing business and you have to look at it differently from
> traditional bricks and mortar businesses". Seems 7,500
> butts^h^h^h^h^h^hbottoms require a lot of bricks and mortar to me.
>
> I've come to the conclusion that there is a growing group of people,
> called entrepreneurs, who really are about selling wild schemes to the
> people with money (investors) and who then ride the wave (collect
> their exhorbitant directors/managers fees) while it last, then they
> move onto the next wave.
>
> If this is the case, the best rule is maximise the $ in hand.
>
>
> (Well - that has probably stuffed my job application {:-)
>
>
> --
> Terry Collins {:-)}}} Ph(02) 4627 2186 Fax(02) 4628 7861
> email: [EMAIL PROTECTED] www: http://www.woa.com.au
> WOA Computer Services <lan/wan, linux/unix, novell>
> snail: PO Box 1047, Campbelltown, NSW 2560.
>
> "People without trees are like fish without clean water"
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