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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 322.32-5.6%Jan 30 9:30 AM EST

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To: Cary Salsberg who wrote (6119)5/21/2003 9:13:03 AM
From: Mark Marcellus  Read Replies (2) of 25522
 
Did you guys ever hear of a signing bonus? $4.1M is a big deal to us, but not at that level. I would rather have it in stock than cash

If you'd rather have it in stock than in cash, you presumably think the stock is overvalued at current levels. Otherwise, giving him options is more expensive to long term holders. Regardless, this sends absolutely the wrong message. It indicates to me that even someone with the integrity of Morgan has been compromised by the candy store mindset that is running rampant in Silicon Valley.

If they really needed to do a signing bonus, there's no reason they couldn't have done it with cash, or at least made it a combination of cash and out of the money options. Like it has with others, this is going to make me reevaluate AMAT as a long term holding.
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