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Friday, April 09, 2004 1:56:54 PM
Dear Sirs,
As a long term shareholder in this company I am very concerned about the latest realignment of compensation structure. The $7 million dollar 2004 expenditure for this plan will hurt the share price and has already caused analysts to reduce 2004 earnings forecast. I do not feel that this is the appropriate time to spend 7% of 2004 revenues on a compensation plan while shareholders have lost 10% of the value of their shares this year.
I am not against compensation plans in the future and hope that this plan will be reconsidered until either after the Nokia arbitration issue is resolved or another major revenue deal is completed.
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