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


To: John Hull who wrote (172684)1/29/2003 4:26:18 PM
From: carl a. mehr  Read Replies (1) | Respond to of 186894
 
John,
Please explain the 300,000 share option to the President of Charles Schwab Corp with exercise price of $1.60

I feel that the company have been stolen right out from under us while we have been sleeping...humble carl



To: John Hull who wrote (172684)1/30/2003 11:39:47 AM
From: AK2004  Read Replies (3) | Respond to of 186894
 
John
you are implying that Intel's policy is to grant options for top management with strikes not lower than market at specified point within one quarter range. If true then your argument is valid so can you confirm that the current policy is indeed as you described, please?
My understanding was that the strikes are very opten adjusten downwords through one method or another when the market price goes down, I assume that you also imply that that is not Intel's practice either, can you confirm?
-Albert



To: John Hull who wrote (172684)1/30/2003 10:12:34 PM
From: carl a. mehr  Read Replies (1) | Respond to of 186894
 
John,
Has the cat got your tongue?

I see that lawyer Dunlap exercised 192,000 shares of Intel at $5.71 a share on 2002-01-18 and 192,000 shares of Intel at $4.195 a share on 2001-04-20. These same shares were sold the same day that they were exercised. On 2002-01-18 they brought $33.87 per share and on 2001-04-20 they brought $31.939 per share.

For holding 384,000 shares of Intel for less than a day, the brilliant attorney for Intel Thomas F. Dunlap collected $10,733,567

This money was gleefully contributed from Intel share holders earnings by re-purchasing Intel shares on the open market.

For now allow me to ask you:

Besides paying a common lawyer a fabulous yearly salary it is strange that the Intel shareholders should give Mr. Dunlop $10,733,567 from the meager Intel share holder earnings.

If a non-technical person like Dunlop gets this kind of a bonus, then certainly Paul Engel and Tim May and people near Amy J. must have received bonuses far greater, would you not think that to be the case?

Maybe I got it all wrong. As a non-technical person your "stock option" shares are probably in the same league as the attorney? Your answer please...humble carl