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

To: Stock Farmer who wrote (174666)	5/20/2003 11:58:53 PM
From: Don Lloyd	Respond to of 186894

John, Let's not try to get too abstract here Don. The actions of the company in distributing stock options result in reduction of shareholders' wealth. This is a 'cost'. An offset against profit. Which is what matters, to shareholders, in the end. And if you refuse to see the forest for the leaves on the trees, that's your problem. All that I said was that both opponents and supporters of stock option expensing agree that stock option grants reduce shareholders' wealth. They will even agree that calling this a cost has at least some validity. The devil is in the details. Whenever a supporter of option expensing states that opponents are claiming that options have no cost or are free, all he is accomplishing is the destruction of his own credibility by attacking a straw man. Regards, Don