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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%3:59 PM EST

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To: Robert Douglas who wrote (77571)4/2/1999 5:55:00 AM
From: nihil  Read Replies (1) of 186894
 
The people who produce the wealth represented by capitalization are the stockholders who bid up the prices of the stock, not the corporations that actually make and sell things with the capital raised from founders' copntributions, IPO's and SPO's. What stockholders pay each other for their shares do nothing for the corporation except make them very, very nervous. Today, in many hitech companies the bonuses depend on profits, sectoral profits and stock options (in part because of falling product prices). Unless the stock price goes up, the option incentives don't work, leading to repricing or loss of talent.
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