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Politics : Formerly About Advanced Micro Devices

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To: Paul Engel who wrote (36763)9/7/1998 12:05:00 AM
From: Ali Chen  Read Replies (2) of 1571069
 
Paul, <You have the information. You just refuse to recognize it.>

You are right, you refuse to recognize the information.

What you refuse to recognize is that all these "profitable"
years Intel attracted key employees with an illusory
stock option plan and paid them literally nothing.
This highly reduced operating expenses and artificially
inflated earnings. Now it is a time to materialize
this part of labor compensation by exercising those
options. Intel has to buy these shares at current
market prices to maintain the current number of
outstanding shares. This "plan" cost Intel $6B
in the first half of this year, and nobody knows
how much Intel owes else to his employees, how
many more shares are granted and are pending for
exercizing. If you add up these deferred expenses,
you will find out that Intel was NOT PROFITABLE
since 1996 at least. Therefore your profitability
criterion about who is "low cost producer" is
meaningless.

As the most of your posts.

Go better woodworking.
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