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

To: deibutfeif who wrote (94244)	12/19/1999 8:35:00 AM
From: nihil	Read Replies (3) \| Respond to of 186894

My understanding of the Intel options award process is that it is individually based on annual reviews. Some one who is wanted is rewarded with new unvested options (and cannot afford to leave), those who they want to get rid of get plans of improvement and few or no new options. These are your walking papers. People who are toppy leave. People who are rewarded with new options tend to stay. No need to fire anyone. I would appreciate PM's or posts from anyone who knows.

To: deibutfeif who wrote (94244)	12/20/1999 4:19:00 AM
From: Amy J	Respond to of 186894

Hi Deibutfeif, RE: "'00, '01 the "last good ones". Unless there is something special about 00, 01's, if not, this sounds exactly similar to what people said about MSFT in the early 90's after Win31, again after Win95, and then after Win98, and probably after Win2000. That's what people who left Intel before you, probably said. That's what every "corporate graduating team" (using your terminology) probably ponders about, before leaving any successful high-tech company. Most of them probably never even noticed the group "graduating" before them that probably thought exactly the same thing they're now thinking. So, when they reach a certain level, they think they're the first (or only) 'graduating team' which has this issue. RE: "So many employees with greater than 12 years of service are considering leaving after exercising those (in April)." After a certain point, at a certain level, if people stay, they are staying for more reasons than money. Money is certainly a motivator, however, how much money does a person really need - after a certain point there isn't a quality of life difference. So, other factors than money tend to keep people - drive, impact, enthusiasm/desire, creativity, career aspirations. Those who don't want to be there, can and should go. RE: "Possible factors - reduced payroll costs, blip-up in stock dilution rate due to options being exercised," Noise. RE: "loss of experienced personnel. What MAY be new is that the rate of personnel loss will be temporarily very high during this time." Noise if consumer market, but probably a problem for any products going into the enterprise or network markets. Anything where knowledge is more important than mass. RE: "Most of my buddies are thinking about leaving."..."split" Why not stay and as a group take the initiative to tackle something which needs talented people to lead? You sound somewhat goaless right now - as if you have just finished a project, which is usually when turnover might be highest I believe. RE: "will be replaced with comparatively lower paid "just-out-of-schoolers" If you are twice as fast but twice as expensive, it's a wash. But, if you as a group take on responsibility for some big problem or big goal which needs to be solved and it requires industry insight (something which out-of-schoolers wouldn't have), then a person's not replaceable. From the way you speak, I'm going to assume you are a Software Engineer - am I correct? Why not take on something big like figuring out how to take SUNW's market? It seems Intel is going from consumer/ departmental market to enterprise market. That's a big shift, so I would imagine there could be a big need to create the equivalent of SUNW's customer-driven engineering on the high-end side of things. Or, if you are a network person, I can imagine there are a zillion things needing experienced talent with all of these network initiatives. RE: "overall payroll costs may fall." Cost of replacing people is high - ramp up, etc. in a tight labor market and big companies have a harder time attracting talent than startups with larger stock option grants. >RE: "INTC represents approx 125% of networth. Entire holdings are INTC, PLUS margined to buy more." Would you characterize yourself as somewhat bullish on Intel? : ) RE: "increased departure rate of experienced personnel starting in 4/00 will have a measurable effect on Intel's ability to deliver, and therefore on stock price?" Maybe you and your buddies should stick around and make sure it doesn't impact the stock price. What good will your stock do you if you aren't there to make sure it goes up? RE: "An analogy - when the graduating seniors of a state championship football team are gone, does the coach win the next year?" So far, Bill Gates has been winning every year. RE: "I think this is an interesting question, since AMD will certainly NOT be experiencing this problem." More like attrition I would think? I'm not saying this is the case, generically speaking, I think it would be extremely tough to work for a company if the grant price could be potentially lower than market. Like Tony said, options are #1. Regards, Amy J