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

To: Scumbria who wrote (77513)	3/31/1999 8:47:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 186894

This will really upset AMD, won't it? biz.yahoo.com NEW YORK,March 31 (Reuters) - U.S. accounting rule makers moved Wednesday to close a loophole that allows companies to re-price employee stock options without eroding earnings. The move is likely to rankle hi-tech companies that rely heavily on the tool to prevent an exodus of valuable employees if their share prices happen to head south. and Advanced Micro Devices spokesman Scott Allen said he was unsure as to whether AMD would still re-price its options if it had to take a hit to earnings. He acknowledged it upset shareholders when the company re-priced options on Sept. 10 of last year. ''Hi-tech, especially the semi-conductor industry, is very dependent on whether you can hang onto quality people,'' he said. ''We indeed made a difficult decision.'' Allen said AMD only re-priced options for employees below the level of vice president and at a premium to what the stock was trading.