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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: John Biddle who wrote (43966)	1/3/2005 7:38:47 PM
From: engineer	Read Replies (2) \| Respond to of 197427

I think your totally wrong on the innovation versus stock options. I am positive that you are not aware of how the tech world really works in terms of hiring. In QCOM's case, it was not a minority of players, but virtually everyone in the company who got stock options, Even Admin assistants. What the stock options try to do is compensate for the countless long hours that engineers and workers put in to make a company successful. Unfortunately, we live in a world where unpaid overtime is not an option when trying to start a company on limited captial budgets. So you issue paper to employees who then work their asses off to make that paper worth something. They share the risk and when everyone makes money, then the priciples get rich as well. This is the backbone of Silicon valley and high tech as we know it. If you just said screw it and tried to get top engineers without stock options you would probably be laughed out of business very fast. Or else you would have to come up with 3-5x more funding to pay the engineers what they really work. I know in my case, I worked probably double the hours I was paid for. But I did it to make my stock worth something (and yours too...). I don't mind expensing options, but I think the whole bunch of accountants and stockolders are myopic when it comes to how to motivate and fund true breakthrough technology.