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

To: GVTucker who wrote (183226)	1/19/2006 6:04:19 PM
From: AK2004	Respond to of 186894

GVT I am familiar with some of the studies that show significant decrease in repricing. There are also a lot of studies out there about "creative" repricing schemes that are less obvious. One example is an incentive program that takes into account total comp, adjusted for value of option holdings, from previous year. -AK

To: GVTucker who wrote (183226)	1/19/2006 6:18:59 PM
From: Tenchusatsu	Respond to of 186894

GV, keep up the good work. EOM

To: GVTucker who wrote (183226)	1/19/2006 9:35:43 PM
From: Dave Budde	Respond to of 186894

Intel is a large cap, widely followed issue. Oh, and if you took a look at Intel's stock option plans, if you read Intel's most recent Equity Incentive Plan, you'll notice that they prohibit stock option repricing. If history is any measure, Intel does not reprice options. They cancel existing options and issue new ones at a new price and new exercise schedule. So technically it is not repriced, but it has a similar effect.

To: GVTucker who wrote (183226)	1/20/2006 10:15:06 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 186894

GV, ignoring for the moment the specific case of Intel, which you have convincingly shown does not reprice options, i'm sure you recall there was a massive wave of option repricings during and after the tech bear of 2000-2002. i would think the incidence of repricing among tech cos would have been a lot higher than 5% during that period. if i'm not mistaken even bellwethers engaged in repricing. granted, most of these stocks had fallen at least 80%, and even large-caps like CSCO fell 90%, so the granted options were meaningless at their original strikes.