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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 9:30 AM EST

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To: Road Walker who wrote (174275)4/29/2003 12:06:21 PM
From: Tenchusatsu  Read Replies (2) of 186894
 
JF, Do you think that is typical of most Intel employees? What was the rational?

I think that's "rationale." And I think you had it right in your post.

I wouldn't necessarily call it a "slap in the face for shareholders," though. I'd consider it more of a reaction to the bubble bursting. It calls into question the entire purpose of stock options, which itself is affected more by the volatility of the market than by employee performance.

Like I said before, I think a program of profit-sharing would be more reflective of employee performance than stock options. But of course that would cost Intel, because we all know stock options don't "cost" anything (notice the quotes).

Maybe the execs are hoping for another 2000-like bubble so we can cash out like some of my coworkers. You should have seen how green I got when my friend told me he cashed out in 2000 and bought a house at the same time (and at a good price).

Tenchusatsu
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