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

To: ChipGeek who wrote (180916)	4/28/2005 1:19:33 AM
From: willowy	Respond to of 186894

ChipGeek, I agree entirely with your arguments. It is exactly how the employee stock option plans work. There is nothing illegal here as some people suggest. Saying that an investor suffers because of that is an absurd. And besides, the aspect of legality described the way willcousa does, has never been challenged by people like W. Buffet as far as I understand. willowy

To: ChipGeek who wrote (180916)	4/28/2005 10:14:05 AM
From: willcousa	Read Replies (2) \| Respond to of 186894

> Paranoia? I am afraid that I am not being understood. My bad. If an option grant goes in the tank because the stock hits a down cycle the option loses its' incentive value. So what BoD's do in such a case is to cancel the old options and replace them with new ones at the current market price. Let's say those options go further into the tank. Then another replacement takes place. Eventually the options find a price at grant which is at or near the bottom. There is nothing sinister about this in my mind. But it is really tough on shareholders when a stock has wide swings. I have no idea whether intel ever replaces option grants. But most companies do. Will