Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 41.72

+3.0%

3:26 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tushar Patel who wrote (144143)	9/26/2001 9:43:55 AM
From: L. Adam Latham	Read Replies (2) of 186894

Tushar: Re: Is all this money (~4B/year) being spent to repurchase shares that get sold to employees at a discount (and does this include options that get exercised or just shares purchased through employee stock purchase plan)? Yes, the Stock Purchase Plan and Stop Option plans add to the total share outstanding as the shares are sold by the employee. This is the way of life for tech companies who use options to attract highly-qualified employees - they all have to burn cash to buy back excess stock generated by these plans. The increase in shares may accelerate for Intel this year, because employees who take the voluntary separation plan (like myself) have 90 days to exercise all of their NQ options. I've purchased outright about 1/3 of my options, sold to cover the taxes and fees and held the stock on another 1/3, and did a same-day-sale on the other third to generate cash. Adam

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next