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Technology Stocks : Intel Corporation (INTC)
INTC 36.15-0.6%Dec 24 12:59 PM EST
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To: carl a. mehr who wrote (172915)2/9/2003 1:21:15 AM
From: kapkan4u  Read Replies (1) of 186894
 
<Inside Intel by Tim Jackson
He tells about the legal department suing everyone in sight in order to hold on the its monopoly power. Many of these law suits were of a frivolous nature designed to delay competition. Intel's legal department spent hundreds of millions of dollars. At one point, the general counsel who headed it was told that one of the targets that he would have to meet in order to get a good performance appraisal was a fixed number of new lawsuits to start each quarter.>

One should have seen the smirk on Andy Grove's face when during one of the business update meetings an employee asked a question about Intel's legal expenses. The employee was concerned if they were a good return on investment or not. The question was asked in the summer of 1995 in relation to Intel's major legal victory over AMD in i386 copyright dispute.

After regaining his cool he went on to say that ROI was unbelievable, just considering the valuation hit that AMD suffered as the result of this lawsuit.

I worked for Intel for 12 years, but had not thought that the bosses were thugs until after I left the company. Reading “Inside Intel” also helped. A great book everybody investing in Intel should read.

Of course the way the inner circle bosses continue enriching themselves after the stock lost 80% of its value is a separate issue. One would imagine that if the management had any integrity, they would have voluntarily disgorged these options in solidarity with all the shareholders that lost their shirts. Fat chance Carl – don’t hold your breath.

Kap
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