> -----Original Message-----
> From: [EMAIL PROTECTED]
> [mailto:[EMAIL PROTECTED]]On Behalf Of Adam Kennedy
> Sent: Friday, 11 February 2000 11:12
> To: [EMAIL PROTECTED]
> Subject: Re: [SLUG] IPO's
>
>
> 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...
I would disagree with this.
You should always consider the benefits of a cash/stock/option mix. There
comes a point when there is really no point getting a higher salary - other
benefits can be substantial.
> Options are merely a potentially very large bonus, note the word
> potentially.
Note that salary is not always guaranteed either. If the company reaches the
stage where your options are worthless, then you're probably out of a job
anyway.
> 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.
This is exactly right. Not every company is the same - do your homework and
decide accordingly. Don't just accept, or refuse, options or stock
regardless of the company. Always look at the fundamentals.
Regards,
Craig Southeren
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