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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.3%Nov 28 12:59 PM EST

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To: Lizzie Tudor who wrote (173502)3/13/2003 1:49:54 AM
From: hueyone  Read Replies (1) of 186894
 
A fairly poor response from you on this. I spent a lot of time writing that post and this is all you can come up with.

Gee, I was trying to sound humble and this is the reception I get?

This could be good news for Intel actually.

Well let me see.....Isn't that what I basically said in my first post, that options expensing might not be as hard on Intel as some companies? I am not at all convinced that Intel cannot be a great company again someday without outsourcing all its R&D to India,, and I pointed out that historically Intel had a much lower percentage of earnings impacted by stock options than many other tech companies. Like I said, I think expensing stock options will separate the wheat from chaffe. For awhile, Silicon Valley was given an across the board free ticket to capital and monetary success. If stock options are expensed, more capital will simply flow to those who earn it. Surely there are many companies in Silicon Valley with bright employees that can be successful without cooking the books.

And with regard to outsourcing to India, it seems to me that this problem is here regardless of whether the FASB decides to require companies to expense stock options or not. Many investors have caught on to the "free" stock option charade by now, and it is highly unlikely that they were going to indefinately subsidize employees at $300 an hour in businesses that had poor underlying economic performance. The India and China challenge is already here regardless of what the FASB decides.

Regards, Huey
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