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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: EACarl who wrote (11681)	9/18/2003 2:08:19 PM
From: Ian@SI	Respond to of 95587

Eric, With most leading companies, somewhere between 75% and 90% of their shares are held by institutions (e.g. - Mutual Funds). As Switzer has shown, these fund managers don't give a hoot about their own unitholders let alone the shareholders of some other company. What do you think the probability of bypassing Reg FD would be for a fund manager that dared vote against an obscenely ridiculous Option plan? Ian But lets remember it's not the CEO's that approve the option grants, it's WE the shareholders. I for one, vote "AGAINST" the option plan on every proxy I get. What amazes me is how these proposals ever pass!

To: EACarl who wrote (11681)	9/18/2003 2:16:44 PM
From: Kirk ©	Respond to of 95587

Actually, I always vote yes for the options packages. I hire the CEO and staff to run the company when I buy the stock. If they can make the stock go up faster than dilution brings it down, then they are doing a good job. It is my job to see if the company remains a good value so I want a way to evaluate the impact of options dilution on the future EPS. Now if I see a BOD paying too high a salary, I've often voted no on the board vote, but that is a pretty useless vote meaning the real way to vote is to sell the stock. Kirk