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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (6117)	5/20/2003 10:15:20 PM
From: Proud_Infidel	Respond to of 25522

Again this points out that expensing requirements (or threats thereof) WILL NOT stop the abuse of shareholder and investors. One could make the argument that they are passing these egregious "benefits" packages before expensing goes through.....EMC did a penny a share option early this year for Tucci, although that was "only" for 75,000 shares. And I agree with your point regarding email. I plan on calling IR tomorrow. I also agree that this is not the AMAT I have come to know. I am shocked at this. Let's assume for a second that Mr. Splinter is a fantastic manager and is doing wonders with the company in his few weeks at the helm. Even assuming this were to be the case, they should have given him a compensation package structured differently, to acknowledge the times we are going through. We have not only had executive malfeasance everywhere for the past several years, but also layoffs as far as the eye can see. The poor schlep who just got laid off and holds a technology fund in his diminishing 401k just paid for the gift to Mr. Splinter, and will pay for it through dilution of his holdings. He took risks; Mr. Splinter did not. Couldn't anyone at AMAT see this would not look good to the vast majority of shareholders? Where is the voice of reason? That to me is the most distressing part of this gift....and let's call it what it is- a gift....the fact that nobody saw this as a problem leads me to believe that the people in management at AMAT are wholly out of touch with you or me. This is very Enronesque and an obvious slap in the face to shareholders, and yet it somehow managed to get through! As a shareholder, if this doesn't make you mad, what will? Message 18961623 Brian