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


To: carl a. mehr who wrote (172858)2/6/2003 10:23:51 AM
From: greg s  Read Replies (3) | Respond to of 186894
 
carl,

You have allowed your losses to totally cloud your judgement.

You were shown by herb will that your assumptions about Pottruck's options were wrong. herb showed that those were schwab options, not Intel options.

Rock put up good money (and a good bit of it) to help create Intel Corp., a risky venture with unproven potential.

Gordon Moore, Robert Noyce, and Andy Grove are/were three of the best technologists and managers I have met in my life and your castigation of them saddens me.

I told you some time ago that I wouldn't let one post of yours change my good opinion of you formed over many years. I honored that position until now. Your continued tirades are founded on emotionalism, not facts. I am sorry your losses have affected you in such a profound way.



To: carl a. mehr who wrote (172858)2/6/2003 12:47:55 PM
From: tcmay  Read Replies (2) | Respond to of 186894
 
"Might you be in favor of expensing these huge stock options so that we would end up with true earnings? Price of stock might drop significantly when people are no longer being fooled."

Only the uneducated are "fooled" when options to directors and corporate officers are a matter of public record.

The issue of accounting for stock options, as expenses or as dilution or whatever, is not a major interest of mine. Maybe it will happen, by law, maybe it won't. In any case, not central to the discussion here.

"Many people are totally unaware of this Free Lunch for Inner Circle program."

Anyone unfamiliar with how to read financial statements, analyst reports, or, most easily of all, Yahoo and similar online summaries, that person has no business investing. We are in a _sea_ of accurate financial data, aside from the companies which have operated fraudulently, cooked the books, etc. Intel has not been accused except by some of the Droids of cooking the books.

"What did Pottruck, CEO of Schwab Corp, receive and how did he contribute value to Intel stockholders?

"Please shed so light on that question. There are a few others that fall in the same category. Free Lunch payments to Arthur Rock seems to have gone on since Day 1. No end in sight?...humble carl "

Asked and answered. Several times. You keep asking this question over and over again, ignoring the answers given.

First, there is no evidence for your claim that Pottruck got Intel options at $1.60. Those are Schwab options, where he has now taken over running the company from Charles S.

Second, are outside directors worth the roughly 10,000-34,000 shares they get per year (priced at SEC-mandated levels)? Intel shareholders have decided so.

Third, I have seen no evidence of malfeasance of the sort seen in recent years with company-bought artworks, umbrella stands, castles in Europe, etc. (And if one were to look for such things, the perks given to Jerry Sanders jump out, but I see no similar perks given to Barrett, Ottellini, etc.)

Anyway, several people have told you how to find out what David Pottruck received in options.

His INTC options and holdings are summarized at:

<http://biz.yahoo.com/t/44/939.html>

I see a series of transactions which appear to have netted him a few million bucks off of Intel:

2003-01-06
5,000
INTC
Disposition (Non Open Market)

2002-04-18
31,500
INTC
Sale at $30.36 per share.
(Proceeds of $956,340)

2002-04-17
24,350
INTC
Disposition (Non Open Market)

2001-09-07
100
INTC
Statement of Ownership

2001-08-03
19,800
INTC
Sale at $31.52 - $31.58 per share.
(Proceeds of about $625,000)

2001-08-03
15,000
INTC
Sale at $31.52 - $31.54 per share.
(Proceeds of about $473,000)