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hawkman 12/4/2012 | 7:33:51 PM
re: Tellium Execs Lengthen Their Locks The VCs and shareholders are going to drop that stock like a bad habit. Not that Tellium is a bad company, but I dont see how the share value will hold when all those people, except the employees that are locked in, can sell their shares. Again, the employees, the ones that made this all possible, are going to get screwed. Maybe they should throw in a layoff for good measure.
Two 12/4/2012 | 7:33:50 PM
re: Tellium Execs Lengthen Their Locks The VCs and shareholders are going to drop that stock like a bad habit. Not that Tellium is a bad company, but I dont see how the share value will hold when all those people, except the employees that are locked in, can sell their shares. Again, the employees, the ones that made this all possible, are going to get screwed. Maybe they should throw in a layoff for good measure.

You're wrong...only the executives signed these obligations.

As much as I would love to take this opportunity to bash Tellium, I can't. This is a pretty class act guesture. I bet Carr (who owns the lion's share of the 14 million) loses a lot of hair watching TELM bounce around...

..
donethat 12/4/2012 | 7:33:49 PM
re: Tellium Execs Lengthen Their Locks There's no way of knowing what sort of gesture this is without knowing the strike price of the executive options. If they are currently underwater, the promise not to sell is meaningless.
ajo2 12/4/2012 | 7:33:47 PM
re: Tellium Execs Lengthen Their Locks >There's no way of knowing what sort of gesture
>this is without knowing the strike price of the
>executive options. If they are currently
>underwater, the promise not to sell is
>meaningless.

The chances are somewhere between slim and none that their options are "underwater". Unless the executives received the majority of their options within the past 11-12 months, chances are their average strike price is closer to $1 than $5. Any executive that has been there for any length of time likely has a large chuck of their options with strike prices well less than a $1.
HarveyMudd 12/4/2012 | 7:33:47 PM
re: Tellium Execs Lengthen Their Locks It is an attempt on the part of Tellium to boost up the stock prices. Unless the sales figure go up significantly for many successive quarters, there no chance that the stock would move.
lite_boy 12/4/2012 | 7:33:28 PM
re: Tellium Execs Lengthen Their Locks Carr's option price is about $2.2/share, he joined
the company at the beginning of 2000. Since then the option price increased to about $6/share in April. So more than 2/3 of employees are under water. For the other 1/3, most of their options
are at $1-$2 range. But the number of share they got is not as large as what the San Jose area people got.
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