Wednesday, June 29, 2005

JDS follows EXTR in option vesting

To be fair, I have to disclose that JDSU has also accelerated option vesting on approximately 33.85M shares or 22% of outstanding unvested options. All this is in anticipation of option expensing later in the year but the only way these tricks will work is if the stock moves higher from here. As with any dilutive transaction shareholders should not accept these management/employee enrichment schemes laying down.

FD: Author has no position in JDSU


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