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To: Elmer Phud who wrote (180970)5/1/2005 5:46:52 PM
From: Ali Chen  Respond to of 186894
 
ehud, "I agree with you that the explanation put forth here does not account for the years when Intel issued options and didn't do simultaneous and compensating buybacks. ... What's the problem?"

The problem is that it does not account not only for
early years, it does not meet initial boundary condition
of the option granting scheme. Because of that and since
the whole scheme is continuously revolving, your explanation
is unconditionally wrong. See also my post to Ron:

Message 21283438

- Ali