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: carl a. mehr who wrote (172748)	1/31/2003 1:39:29 AM
From: Dave Budde	Respond to of 186894

I was just trying to clarify what I said since you apparently didn't understand it the first time. <<Cut out the bullsh*t! Making such untrue claims will quickly stop people from reading your posts>>

To: carl a. mehr who wrote (172748)	1/31/2003 2:00:53 AM
From: The Duke of URL©	Respond to of 186894

Carl: I am not unappreciative of your concern, but if value is received for stock rights, there is no dilution. It is when stock rights are excessively granted and not fully disclosed to the shareholders that issues arise. In Tom Dunlap's case it may explain two things. The low exercise price may be because the options were issued at the fair market value of the stock, (the price that anyone would pay) 10 years ago. So if the issue price was 12 dollars, and the stock has split 4 times the issue price would be .75 cents. You should include in calculating the holding period of the stock the amount of time the option was forgone. The reason that this type of option doesn't vest is so that the employee will stay with the company. The longer the term, the more loyalty is generated, without the cash outlay by the company. Sometimes the company needs the cash for other purposes. The company is not obligated to by back the stock at any time, however, at its leisure, and when it does have the cash, it may buy the stock back on the open market. The advantage to this taxwise is that the company gets a deduction without having to spend the money. However, IT DOES dilute the outstanding shares. It does not guarantee the employee's future loyalty if he or she gets too rich. In addition, Warren Buffett's main objection is that stock bonuses should be based on company profitability not on stock price. (He has other's.) Founder's stock such as Arthur Rock's can not under any theory be objected to. A share holder when he or she buys their shares, is held to know what other stock is issued and outstanding. Founder's stock is not the same thing as currently issued stock. As to Tom dunlap, specifically, his salary is not separately listed, but his is a vice president and based on other intel svp (cash) salaries my guess is 250k plus 250 bonus. He has been with the company almost thirty years. This is a short Biography (It does not mention his efforts at resolving the recent anti-trust issues in Intel's favor, and other issues, which may have destroyed the company.) F. Thomas Dunlap, Jr. is Vice President, General Counsel and Secretary. He joined Intel in June, 1974 as a Product Engineer, immediately following graduation from college. He became Administrator of Technology Exchange Contracts in August, 1977, and joined Intel's Legal Department in June, 1980 as Senior Attorney/European Counsel. He was named Corporate Counsel and Secretary in April, 1983 and General Counsel and Secretary in November, 1984. He became a Vice President in April, 1987. Dunlap was responsible for obtaining passage of the Chip Protection Act of 1984, a law which protects chip layouts. He was also responsible for the Intel/NEC litigation which established that microcode (i.e., a computer program embedded on a piece of silicon) can be protected under the federal copyright law. Dunlap graduated from the University of Cincinnati with a Bachelor of Science degree in Electrical Engineering in 1974. He received his J.D. from the Santa Clara University Law School in 1979. Dunlap is a member of the State Bar of California, and the Peninsula Association of General Counsel.