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

To: Tenchusatsu who wrote (178081)	5/25/2004 11:41:50 AM
From: Ali Chen	Read Replies (2) \| Respond to of 186894

OT, "Guess it's time for me to look for hidden cameras now ..." No need for. The SI makes a pretty good snapshot of a persona. As GVTucker said once, if there would be no freedom of speech on SI, people would not know what kind of idiot a poster is. I am not sure only about the example he kept in mind though... - Ali

To: Tenchusatsu who wrote (178081)	5/25/2004 12:21:27 PM
From: carl a. mehr	Read Replies (2) \| Respond to of 186894

Ok, Tenchusatsu we are switching the subject. Will the board continue to give their stockholders "the finger"? I.e will they expense their stock options? Many dedicated people that Used to be in the fold (x-Intellers , Paul Engel, TCMay, George etc.) Are now left in cold (No cheap Intel shares – only diluted stock) Since Gordon Moore was pushed aside, Andrew Grove has suddenly rewritten history to become one of the founding fathers of Intel. Moore and Noyce are the true founders of Intel pegasus.cc.ucf.edu Era ends as Gordon Moore quits Intel's board eetimes.com Moore no doubt quit in disgust over the huge dilution taking place. If you have followed Intels annual stockholder's meeting you would have observed that Moore’s son was the first speaker at the podium a year or two ago. He questioned the huge stock giveaway program that Intel was guilty of. I suppose many thinks that stock options a very low prices for the “big boys” don’t hurt. Intel has since Gordon Moore, an honorable man, was pushed aside spent about one billion dollars every quarter buying back Intel stock just to keep the number of stock shares on a more or less level plateau. Often more than half of Intel earnings have been used to replenish stock given away. A couple of years ago our well paid lawyer Dunlap exercised a stock option and pocketed the same day $30,000,000. The shares sold were replaced by Intel buying shares on the open market from Intel earnings. I ask: “ Would it not have been more honest to the Intel shareholders if a $30,000,000 check had been written directly to Mr. Dunlap?” You might have gotten mad if the direct route had been followed! Instead they fooled you! You were asleep like I was. Now you know why the Intel board don’t want to expense stock options. They will try to continue fooling you, cause they think you are slow or dumb! The problem lies with us thinking that we have leaders that we can trust. They have, however, been behaving like crooks. Yes, the Foxes are guarding the place for their own well being. The Grasso scandal and the upcoming Intel scandal (You are going to awaken from you long slumber and kick the rascals out, and ask that the money be returned, aren’t you?) has many parallels. Grasso had Kenneth Langone in charge of the compensation committee. Grove and Barrett have Schwab CEO Potruck in charge of the compensation committee. Mr. Potruck profited nicely for his work by getting stock options in the millions, as he turned down “regular” pay for his work. What a nice man! If Potruck had charged $100,000 an hour for his work even x-Intellers would have stood up and taken notice. You were fooled again, and the millions that he made off with came straight out of earnings! I admire Craig Barrett for his low profile. We have not seen him lately brag about his ill-gotten wealth in any of the weekly magazines. By now you must have learned that earnings are not used for dividends, but instead for buying back shares doled out abundantly to key employees or board members. Through the grapevine I have learned that Andy Grove took Craig Barrett to the “woodshed” for bragging and that may explain why he has kept a low profile. Intel top management may better stop stealing the stockholder’s money, return their ill gotten gains or expect to stand trial when a dedicated person like Elliot Spitzer steps up to the plate. They need to answer to the stockholders for their deeds. As officers they have a fiduciary relationship to their stockholders, and the huge sums of money going out to Potruck, Dunlap and others shows the fraudulent behavior of the board. Thanks for listening and I hope that you will take action – sell you diluted stock, file suit or go back to sleep .….humble carl