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Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST

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To: hueyone who wrote (174494)5/12/2003 7:03:49 AM
From: Road Walker  Read Replies (1) of 186894
 
hueyone,

re: That Barrett and Bryant are currently willing to sign off on financial statements that are full of estimates and approximations as well as sign off on financial statements that claim a zero dollar value for stock option compensation, but now are saying they can't sign off on financial statements that estimate a value for stock option compensation because the estimates may not be precisely accurate, is unbelievably self serving and hypocritical imo.

A good point. Except that the reality is that CEO's and CFO's for any company like Intel have no choice but to sign. Imagine what would happen to the stock price if they refused.

But my point on Bryant was outside the options controversy. Allowed to do his thing, I think Bryant would have made deeper cuts in costs over the last three years. He probably wouldn't have made all the silly Barrett acquisitions that have dragged down Intel earnings and wasted cash. Just a guess, I could be wrong. I think he's a very good CFO.

Is he worth all those option grants, no. But it's slightly less onerous to me than the huge grants to the guys that are running divisions that are losing tons of money.

John
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