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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: James Calladine who started this subject	7/23/2002 3:34:15 AM
From: scott_jiminez	Read Replies (1) of 95531

Investors say Applied Materials CEO attitude towards options changes could backfire. By Well Duhhh Peoria, July 23 (Not Reuters) - Investors reacted emphatically to statements from the head of the world's largest maker of semiconductor equipment on Monday renouncing proposed changes in how companies account the cost of stock options. Investors characterized James Morgan's claims that billing options as a direct expense would hurt companies and significantly slow the economy as 'flagrant balderdash', 'putrid hogwash', and 'Golly, that's silly'. "Apparently Mr. Morgan needs to use more sun block since his perception of the scope of the problem is totally fried," claimed investors spokesman Burnt Badly. "Everyone with a single functioning brain cell now understands that 98% of options were granted to the highest echelons of management and these characters did whatever they could to jack up their company's stock price solely for the purpose of self-enrichment. Mr. Morgan, along with his fellow senior executive cronies from across the country, are simply trying to perpetuate this print-your-own-money scheme. 'Infectious greed' as Mr. Greenspan characterized it. We can only hope and pray that investors and Congress have the cajones to slap Morgan and his ilk upside the head." Applied Materials public relations swami I. M. Pious could not be reached for comment.

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