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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: scott_jiminez who wrote (4241)	7/27/2002 1:07:33 PM
From: Barry	Read Replies (3) of 95530

Amen! Morgan should be put in jail for the comments he made in the AMAT press release regarding options. He revealed a flagrant lack of respect for the intelligence of shareholders to see through his (and that of his fellow CEO's) self enrichment, billionaire-making entitlement program. Options have been great for top-tier management, okay for lower tiered employees (while they were worth something), and poor for shareholders. One of the best wealth transfer schemes ever devised....skimming a buck off of each share outstanding. >>"I think to tinker with that just because there's been some abuse I think may do more harm than good," Applied Materials Inc. (Nasdaq:AMAT - News) Chief Executive James Morgan told Reuters in an interview. "There's been a lot of profits and jobs and opportunities generated from the stock option process." He said Applied Material's use of stock options has worked well for both employees and shareholders. The top five executives at the company hold about 3 percent of the total options granted, he said, with the remainder spread among the broad employee base. <<

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