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Technology Stocks : Intel Corporation (INTC)

INTC 39.50

-3.1%

Dec 11 3:59 PM EST

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To: L. Adam Latham who wrote (165463)	5/29/2002 7:34:09 AM
From: GVTucker	Read Replies (2) of 186894

Adam, RE: Be it a mistake, oversight, or whatever, the current law regarding options provides an incentive for executives, managers and many mid-level engineers to take on high-risk/high-reward projects. If the government changes the law now, they will discourage this behavior and slow the pace of innovation - something many lawyers and politicians simply can't comprehend. I will grant that you have an arguable point, albeit one I disagree with. Isn't that always the way it will be with any uneven tax law? Real estate was in a very similar boat about fifteen years ago. The tax law was absurdly biased to provide an uneven benefit to many real estate development. The government changed the law to level the playing field, and in the process made many projects economically unfeasable. I don't think anyone lost sleep over Donald Trump losing a billion dollars, although in his defense he made the same point that you're making.

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