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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (2122)	8/6/2002 9:31:04 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 25522

You obviously have strong feelings on the subject Sarmad. That is your right. Chambers did not say he would "hide the options" from the shareholders, but put them in the footnotes on a quarterly basis, using the Black-Scholles model for the method of calculation. Then everyone could see what the "present value" of the options were. From personal experience, I was awarded options in a company I went to work for, but I never collected any money. Those options all expired worthless. Obviously there was no expense to the company shareholders in this case. This situation happens all the time. Don

To: Sarmad Y. Hermiz who wrote (2122)	8/6/2002 9:31:53 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

This is all aside from the issue that it is none of Chambers' business to give away stock in the company. That is the shareholders' property, and he should keep his hands off it. I would add....or risk his own money in buying shares and benefit as all the other shareholders do, that is to say, in a proportional manner. The problem I have with options is they the execs receive rewards for no risk taken. This is antithetical to the very system of capitalism. A few options here and there are okay in my view, but the way they are handed out like candy now is an insult to all those who scrimp and save to buy the shares. Brian