Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Ivan N. Antich who wrote (91025)	10/27/1999 11:20:00 AM
From: Gerald Walls	Respond to of 186894

Any comments on this? - Intel's CE to sell 400k shares - Isn't that a lot? Why does everyone always panic when someone sells a few shares? biz.yahoo.com The guy just exercised options for 1,232,336 shares. With this sale and a previous 700,000 sale he's still added over 100,000 shares. His holdings are listed as 840,120 directly and 1,680,240 indirectly (his wife or a trust probably owns them). Even if the 400,000 came out of the 840,120 shares listed he still has a total of over 2,000,000 shares.

To: Ivan N. Antich who wrote (91025)	10/27/1999 11:26:00 AM
From: NITT	Read Replies (1) \| Respond to of 186894

re:"Any comments on this? - Intel's CE to sell 400k shares - Isn't that a lot?" Yes it's a lot, but they are probably expiring employee stock options. They are also likely "non-qualifies" options which means the IRS collects regular income tax on the gain the day they are exercized. In this case a buy and hold makes no sense since you need to fork over 40% of the gain to uncle sam. In addition, if they are 5-10 year old options, then most of the value is a gain. Nice problem to have... don't some of the AMD investors wish Jerry had this problem. Nitt