beat the analysts' expectations, they also had a drop in profit.Google has also announced an employee option exchange program. "Recognizing that about 85% of our employees have at least some stock options that are underwater (i.e., have an exercise price higher than the current market price of our common stock), we plan to offer our employees the opportunity to exchange those options," says Laszlo Bock, VP, People Operations.
According to FAQ page for the program in place here. Actually, it's a PDF document.
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