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

To: THE WATSONYOUTH who wrote (172947)	2/9/2003 1:46:40 PM
From: wanna_bmw	Read Replies (2) \| Respond to of 186894

Watson, thank you for your anecdote. It was both enlightening and informative. Much better compared to your "wanna is an Intel stooge" commentaries.

To: THE WATSONYOUTH who wrote (172947)	2/9/2003 6:54:11 PM
From: tcmay	Respond to of 186894

Speaking of stock options... When I was with Intel in the 70s and 80s, many of my friends worked in engineering positions at Silicon Valley companies like Hewlett-Packard, National Semiconductor/Datachecker, American Microsystems, Data General, and IBM (San Jose and Almaden). The few times the subject of stock options came up, it became apparent that they didn't have any. This fit with what analysts and management were saying, that Intel was one of the few high tech companies to distribute stock options to even junior employees. I rarely brought up the subject later on, but it wasn't until the mid-80s that my friends (who had started their careers in the 1972-76 period) started asking me about these newfangled things called "stock options." It was quite clear that IBM, HP, DG, DEC, and many companies were not giving options. (A guy I got to know in the late 80s had been Employee #3 or 4 at Apple. His name was Dan Kottke, a cousin to the famous guitar player. He received essentially zero options for his work.) When I joined Intel in 1974, B.S. graduates got 200 shares, M.S. grads got 500 shares, and Ph.D.s got 1000 shares, as a basis. (This was of course in 1974 shares...you'll have to correct for the many splits yourself. ) Some got more, depending on their expertise. The guy who hired me in '74 had just joined a few months earlier, and as he had been a professor at Stanford, he reportedly got a few thousand shares. (His name? Craig Barrett.) I dealt with a lot of senior IBM people, too, including one who claimed he was appointed as an IBM Fellow (in 1980) based on work related to something I had discovered. I kind of felt envious that he was an IBM Fellow based on work derivative of mine, but then he mentioned that he would get a cash bonus but certainly no stock option. I decided then that I liked the Intel system better. --Tim May