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

To: Hightechhooper who wrote (125922)	1/24/2001 3:40:59 PM
From: Elmer	Read Replies (3) \| Respond to of 186894

Re: "Now this kind of thing really pisses me off. INTC just starting to get some footing and Craig starts dumping stock. He doesn't need the damn money now so why doesn't he just exercise and hold the shares like Michael Dell did (and look what it did for Dell stock in the past 2 weeks)" No kidding! If I were him I'd exercise them and just write CCs. What does he need another few million for anyway? EP

To: Hightechhooper who wrote (125922)	1/24/2001 4:59:59 PM
From: NITT	Respond to of 186894

re: "...this kind of thing really pisses me off. INTC just starting to get some footing and Craig starts dumping stock..." We go through this with the far from informed on the thread every time an Intel exec does a same day sale. This is most likely expiring non-qualified employee stock options. There is no advantage to a buy and hold strategy because uncle sam will take his regular income tax and medicare cut and the state gets their cut too when you hold or sell. So Barrett ends up with ~$6M tax bill even if he chooses to buy and hold. Blame it on the tax code not the exec. His other choice is to let the option expire... I would not want a person that dumb running the company. The only thing you can blame Barrett and the others for is a great deal of equity growth in the past 10 years. Nitt