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


To: Road Walker who wrote (172705)1/30/2003 9:19:03 PM
From: carl a. mehr  Read Replies (1) | Respond to of 186894
 
Thanks John,
I will digest your message later, but I need to ask you the following.

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 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?


Allow me to let you in on what I am hearing. Many technical people at Intel are p*ssed by the stock options given to the wrong people. Andy Grove and Graig Barrett has some explaining to do. Many engineers at Intel are greatly disturbed by the stock option grants going to the wrong people with such large direct cost to our meager earnings.

It is my opinion that we need to bump some of these clowns from their throne at Intel. Street sweeping jobs are currently available here in San Diego.

The technical people at Intel need our support ...humble carl