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

To: Haim Barad who wrote (64025)	9/6/1998 12:42:00 AM
From: rudedog	Respond to of 186894

Hiam - I hope you're not addressing me when you say I don't understand why everyone thinks that these are some gift from heaven or something I worked my butt off for every option I ever got, and took a substantially lower salary at the same time. They were certainly not a gift. As it worked out, they paid off rather well but it was many years after the original grant. I like your argument that there is a 'basis' roughly equal to some notion of foregone wages, but in fact there is no basis to most options granted today in a financial sense. The percentage gain is unrelated to the strike price. BTW I think your advice - think of them as LEAPS - is sound, assuming that the holder knows anything about LEAPS. I have seen many people make foolish use of their options because they do not understand the financial dynamics, and that was the point of my post. Do a spreadsheet and look at future value before cashing them in.