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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST

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To: John Hull who wrote (125926)1/24/2001 5:03:36 PM
From: Elmer  Read Replies (3) of 186894
 
Re: "you guys will never be happy when Craig, or any Intel exec, sells stock, will you? when the stock is high, somebody complains that the option exercises are a signal of over-value. when the stock is low, somebody complains that its unsupportive of the stock for the exec to sell.

What I don't understand is why they ever sell. I'd exercise the options and just write CCs. Up to recently that wasn't a taxable event (AMT was due but it was refundable if you held on to the shares). Why do they like paying taxes? What's Gordon Moore got, 150 Million shares? He could write out of the money CCs for 1/16 a share and still pocket over 9 million a month. I hope he does and I hope every other major shareholder does as well. I've been doing it for years and I can't think of a reason why I'd sell.

EP
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