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To: NITT who wrote (97976)2/1/2000 10:57:00 AM
From: Mike Morley  Respond to of 186894
 
Nitt: "they are most likely NQ's (Non-Qualified) options"

Up until 1994, Intel gave ISO options as well as NQ's. If these are ISO's, their exercise is a taxable event because of AMT, so they made need to sell to cover the taxes.

Mike