Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: carl a. mehr who wrote (172677)	1/29/2003 3:30:51 PM
From: John Hull	Read Replies (3) of 186894

Carl, You know that, judging from the exercise prices on those options and the timing of his exercise, that those were options granted to Paul sometime in '94-'95 and were likely set to expire in the near future. At the time they were granted, they were at market price - at least that's how my options work. So really Paul is getting awarded for performance of the company over that time horizon and in that time the stock is ~4x. Don't get mad at the board now for the options he was granted almost ten years ago (which unlike many tech options and stock prices, still has a positive value!) Not to mention the fact that these options were probably exerciseable all through the peak bubble years and would have been worth a multiple of what Paul exercised them for. He was holding these options through that whole period - yet you scorn him. All these long term executives at Intel have significant gains in the value of their up to 10 year old options because Intel's value has gone up over that horizon. I don't see why you have such a problem with that. Very different than Enron and Worldcom I think. Just my opinion. I'm not a corporate spokesperson on this sort of thing. jh

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