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

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To: Tenchusatsu who wrote (174273)4/29/2003 6:46:28 AM
From: Road Walker  Read Replies (3) of 186894
 
Ten,

re: in 2000, I got twice the average number of options that I normally get annually. In 2001, it was more than triple, and in 2002 it was somewhere in between.

Do you think that is typical of most Intel employees? What was the rational?

You see, if the rational was that the stock price was lower, and therefore the same percentage increase in the stock would yield a lower $ return from the options, then that's a slap in the face for shareholders. It would mean that Intel management doesn't care about the added dilution. That Intel management is running the company for the benefit of the employees; at the expense of the shareholders.

That Intel didn't lay-off any workers during the tech recession reinforces that speculation. (They did reduce headcount, slightly, through attrition). Most other SV companies cut to the bone. (Then again, most other SV companies slid into the red, making the situation more urgent).

Maybe the next Intel CEO should be an outsider?

John
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