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: GVTucker who wrote (172674)	1/29/2003 11:09:38 AM
From: carl a. mehr	Read Replies (4) \| Respond to of 186894

Tucker, You are the fellow to ask, to see if I have understood the situation correctly: Intel President Paul Otellini exercises right to buy 500,000 shares of INTC for $3.41 per share on Jan 16, 2003 and another 500,000 shares of INTC for $3.41 per share on Jan 17, 2003. All together 1 million shares of INTC were purchased on Jan 16 and 17 for $3.41 per share. Intel President Paul Otellini proceeded to sell a total of 900,000 shares of INTC on Jan 16 and 17 for a grand total of $15,224,000. (Sold 500,000 on Jan 16 for $17.24 and sold 400,000 on Jan 17 for $16.51). The cost to Intel President Paul Otellini for 900,000 shares of INTC was $3,069,000 and the shares were sold for $15,224,000, giving him a gain of $12,155,000. I ask: Who paid for this gain? Is Intel not busy buying back shares? We the stock holders paid for this! It should have been called "Salary Bonus" for a job well done! No wonder that stock options are not expensed! This way they think they can fool us. This is beginning to smell as bad as Enron and Worldcom. I am beginning to think our company president should spend a few years in the SLAMMER and Board Members voting for such crocked behavior should get at least 12 months. That would give them time to truly evaluate their sins...humble carl

To: GVTucker who wrote (172674)	1/29/2003 1:20:55 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

RE:"Jim, Rock sold 375,000 shares on 18 Dec 2002, leaving him with a paltry 15,332,108 shares." I guess we can look forward to seeing a lot more sales... <G> Jim