OT ... carl, re "When people do the math and realize that Intel's earnings per quarter is next to zilch, except for 2 or 3 cents ... "
re "2 or 3 cents". That's quite meaningless hyperbole.
Why meaningless? If the economic downturn in technology were even worse, the earnings *before* expensing options could easily be negative. Neither your "2 or 3 cents" nor the negative number tells me anything about INTC's option expenses.
Why hyperbole? On a per share basis, if 1Q03 is like 4Q02, GAAP earnings will be 16 cents, SFAS 123 option expenses will be 4 cents, for a net of 12 cents *after* expensing options. That's considerably higher than your "2 or 3 cents".
re "do the math". I absolutely agree with that point. But since you have apparently already done so, it's foolish for many others on this thread to waste their time doing the same.
So I invite you to share your numbers. But present meaningful numbers without hyperbole. For example, show us how Intel execs hog more of the stock option pie at their company .. than execs at other technology companies. After all, when we withdraw our investment dollars from INTC, most of us would still like to have those dollars invested in the technology sector.
Regards, Ron |
