Byline: MICHELE HIMMELBERG Orange County Register
Payday used to mean a paycheck. Enough cash to pay the bills, maybe save a little, and notes in fine print that assured you of medical coverage and vacation days.
It's not that simple anymore. Take the case of Dave and Jennifer Withers, 20-somethings associated with Odetics Inc., a communications equipment supplier in Anaheim, Calif.
As an administrative secretary, Jennifer Withers might have worked for nearly a decade to save enough money to buy a town home in a gated community, and to open a trust fund for her baby.
But at Odetics, Withers profited from the company's incubator philosophy to develop and spin off its subsidiaries. She earned stock options in Automated Tape Libraries the division where she worked shortly before it was spun off to Quantum in 1997.
Withers, now 26, cashed in less than two years later, earning a windfall that allowed her and her husband who works in Odetics' corporate office to buy their home in Orange and lay a financial foundation for Kailyn, their infant …
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