Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Please be nice. Here is the link to the viewpoint of an Intel investor and speaker at the 2003 Intel Annual Stockholder's Meeting and should be read by all:
http://www.investorshub.com/boards/read_msg.asp?message_id=1034099
...humble carl
<<That option cost the option holder the grant price at the time of the exercise>>
BS Go back to grade school. It cost the investors excactly what Intel pays for shares on the open market. They rebought the shares!
Enjoy being an investor in a company that has abdicated its fiduciary responsibility to their investors ...humble carl
The question is: Does the Intel board of officers and directors have a fiduciary responsibility to their stockholders?
You might answer “Yes they do!”
I now ask: “ Would it not have been more honest to the Intel shareholders if a $30,000,000 check had been written directly to Mr. Dunlap and sent with a $5 Hallmark card?” Please don’t object to the $5 card – certainly a bit extravagant, but so was your gift
.
You might have gotten mad if the direct route had been followed! Instead they fooled you! You were asleep! Now you know why the Intel board doesn’t want to expense stock options. They will try to continue fooling you, cause they think you are slow or dumb!
Just trying to eradicate the scum we have on earth. You are the major stockholders of Intel – I am only a lightweight that have seen the light! …humble carl
Duke,
It is not important what I did. These people are outright thieves! Look at the money Dunlop and Potruck to name a couple ran off with. This was done with the blessings of the crooked board that helped themselves also.
Do you sanction their behavior? It is your money they are spending. Good luck ...humble carl
Minor point of disagreement. Talk about the big stuff.
Can't see the forest for the trees? ...humble carl
I agree with your comment about the speech. Should we call it questions or just idle air time? I think not. I stand by what I said ...humble carl
<<Re: They will no doubt give us 'the finger'
Just to you, "humble carl".>>
Wrong! They are fooling all the out in the cold Intel stockholders.
Many dedicated people that
Used to be in the fold ( Paul Engel, TCMay, George etc.)
Are now left in cold (No cheap Intel shares – only diluted stock)
Since Gordon Moore was pushed aside, Andrew Grove has suddenly rewritten history to become one of the founding fathers of Intel.
Moore and Noyce are the true founders of Intel http://pegasus.cc.ucf.edu/~mmarcell/project1.doc
Era ends as Gordon Moore quits Intel's board
http://www.eetimes.com/story/OEG20010601S0066
Moore no doubt quit in disgust over the huge dilution taking place. If you have followed Intels annual stockholders meeting you would have observed that Moore’s son was the first speaker at the podium a year or two ago. He questioned the huge stock giveaway program that Intel was guilty of.
I suppose many thinks that stock options a very low prices for the “big boys” don’t hurt.
Intel has since Gordon Moore, an honorable man, was pushed aside spent about one billion dollars every quarter buying back Intel stock just to keep the number of stock shares on a more or less level plateau. Often more than half of Intel earnings have been used to replenish stock given away.
A couple of years ago our well paid lawyer Dunlap exercised a stock option and pocketed the same day $30,000,000. The shares sold were replaced by Intel buying shares on the open market from Intel earnings.
I ask: “ Would it not have been more honest to the Intel shareholders if a $30,000,000 check had been written directly to Mr. Dunlap?”
You might have gotten mad if the direct route had been followed! Instead they fooled you! You were asleep like I was. Now you know why the Intel board don’t want to expense stock options. They will try to continue fooling you, cause they think you are slow or dumb!
The problem lies with us thinking that we have leaders that we can trust. They have, however, been behaving like crooks. Yes, the Foxes are guarding the place for their own well being.
The Grasso scandal and the upcoming Intel scandal (You are going to awaken from you long slumber and kick the rascals out, and ask that the money be returned, aren’t you?)
has many parallels.
Grasso had Kenneth Langone in charge of the compensation committee.
Grove and Barrett have Schwab CEO Potruck in charge of the compensation committee.
Mr. Potruck profited nicely for his work by getting stock options in the millions, as he turned down “regular” pay for his work. What a nice man!
If Potruck had charged $100,000 an hour for his work even x-Intellers would have stood up and taken notice. You were fooled again, and the millions that he made off with came straight out of earnings!
I admire Craig Barrett for his low profile. We have not seen him lately brag about his ill-gotten wealth in any of the weekly magazines. By now you must have learned that earnings are not used for dividends, but instead for buying back shares doled out abundantly to key employees.
Through the grapevine I have learned that Andy Grove took Craig Barrett to the “woodshed” for bragging and that may explain why he has kept a low profile.
Intel top management may better stop stealing the stockholder’s money, return their ill gotten gains or expect to stand trial when a dedicated person like Elliot Spitzer steps up to the plate. They need to answer to the stockholders for their deeds. As officers they have a fiduciary relationship to their stockholders, and the huge sums of money going out to Potruck, Dunlap and others shows the fraudulent behavior of the board.
Thanks for listening and I hope that you will take action – sell you diluted stock, file suit or go back to sleep .….humble carl
Golfbum,
You asked a lot of questions, so allow me to just answer the first one.
<<do you actually own any intel stock?>>
I currently own 328 shares. That figure was 1000 times greater when I saw the light of what was going on. I switched to Oil and Gas.
Read my next post on how the insiders are running off with the "store". Unless they stop their behavior it is not very smart to own Intel stock...humble carl
greg,
You are looking at phony earnings, figured before earnings are used to buy back stock to keep the dilusion problem in check due to insider stock giveaways.
Try to explain to us all why the stupid Intel Board would allow director Potruck from Schwab to run off with millions of your money for his effort to 'engineer' stock options to steal your money!
The entire Intel Board of thieves should be fired and stand trial. Jail time would serve them well. Maybe they should join Martha Stewart? ...humble carl
What should Intel do?
They should quit fooling us. Whenever they announced that they were going to buy back shares, I always cheered!
After a couple of years, I realized that they were simply using their earnings to stay on a level playing field due to the large amount of insider shares giving away. They were in fact not making the shares more valuable. They were keeping the dilution run-away from becoming too noticeable.
...humble carl
The stated intent of the Intel Board suggests that they intend to give 'the finger' not just to me, but also to 54% of the Intel shareholders that voted for honesty in Intel's accounting.
It looks like the accounting fraud is nearing an end...humble carl
<<re: Intel holders vote to expense options
What a difference a year makes, well now the ball is on the boards side of the court.>>
Great! They will no doubt give us 'the finger' ...humble carl
Techu and all,
I am back, but not for long. Gambling with great odds on your side is the name of the game. Since lighting up on Intel I have wandered into the Oil Regions of US and Canada. The lucrative part of this venture have mainly been the my interest in the high price paid to producers of natural gas.
Investing in companies producing Oil and NG has been rewarding and Alan Greenspan calling attention to the problem of natural gas hasn't hurt either. You may want to check out EENC, ERF, HGT, NCN, PVX, PWI and PXP, just to mention a few. All of these, except for EENC, pay great dividends. Cost of margin expenses becomes insignificant when dividends of 10%+ is being paid.
Appreciation of these stocks will no doubt drive the dividend percentage down, but I will not complain about that.
Just my 2 cents in trying to help my old friends. Good luck to all...humble carl
...Carl lost a lot of real money...
Not exactly. My losses were less than 50M...humble carl
Hey,
You too are wrong. The correct number of shares according to msn money is: Moore (Gordon E) 354,650,400 shares
and the 5.4% figure still stands...humble carl
You don't understand.
I did not flame Gordon Moore. He is the last honest leader that Intel has had. He is an honest man...humble carl
PS: greg, read the post again.
I think you're a little off here Carl.
Please explain!...humble carl
Is your beef that you bought at $75?
That was a great sick comment so I must refer you to an old post:
http://www.investorshub.com/boards/read_msg.asp?message_id=997984
Read it and weep...humble carl
You obviously did not comprehend the message.
The problem is dilution!
It came indirectly from the only living founder of Intel - Gorden Moore...humble carl
"If you want to compensate employees, do it in dollars," said Del Schroeder, a retired accountant in San Jose, California.
Another dissenter of the generous stock options by Intel was expressed by Mr. Moore, son of Gorden Moore.
Gorden Moore is the sole surviving founder of Intel and owns 10,661,678,080 shares of Intel which currently represents 5.4% of the total shares.
I believe that Gorden Moore was absent possible due to some family illness. An announcement to that effect was made by Mr. Grove but he was difficult to understand.
Go Lunch Bunch, dilute the Hell out of the Intel Shares! Continue to steal the company!
I Am Not In The Cold, Outside The Fold, as I own few Intel shares...humble carl
Great explanation!
Try that again with the Chicken and the Egg, so we will know which came first...humble carl
Just turned my attention to a live speech by George W.
he is asking for Responsible Behavior in the American Corporate Boardrooms
I couldn't agree more...humble carl
It is like this:
Intel is (and has been) spending 1 Billion from earnings each quarter buying back shares on the open market. This has been going on for the last couple of years, I believe, if the sources explaining this "trick" are correct.
Intel earnings should be restated to account for these "free lunches", but so far Grove and Barrett are pulling the "wool" over the eyes of investors that are "less smart". We could call them "ignorant"!
The good news is, that ignorance is curable with knowledge. That's where the Humble One comes in...humble carl
You are wrong. I sold my last couple of 100k shares with a basis of $5.+/share. Many splits. I now own less than 1000 shares.
Nothing wrong with making a good profit! Don't you learn from seeing the insiders selling as soon as they exercise their options?
The question is: Will investors in Intel make less money than in other stocks? Maybe.
Will the Humble One make more money with other stock investments than Intel? Most definitely - the dilution of Intel stocks benefits only those in the fold and hurts all outside investors.
Being an Intel stockholder I still advocate having the Lunch Bunch stand trial for defrauding the stockholders. They have abandoned their fiduciary relationship to share holders...humble carl
Why would anyone take a job that doesn't pay?
Does each meeting have to be paid by 5 or 6 figures? It is your Intel stock earnings that buys back the shares...humble carl
Please continue your rant!
Please explain what CEO of Schwab, Mr. Pottruck gets paid for his job on the board of Intel. $1000 per meeting? Warren Buffett would probably pay $900.
At what price does Pottruck serve on the board. At $500,000 per meeting? Stock options? They get sold and the cost of new replacement shares using Intel earnings will give you the cost figure. Difficult to figure, but use simple third grade mathematics. Let me know what you come up with. TIA...humble carl
Yes, the lunch bunch are great! They excercise the options and sell them the same day!
Barrett issues an order: "Buy more Intel shares on the open market from stockholder's earnings. We must keep the outstanding Intel shares at a constant level..."
They are extremely brilliant people and all the investing stockholders are nothing but dumb schmuck...humble carl
Hey greg, you are most definitely right. The facts are here:
1.3 million options in 2002! They are diluting your Intel shares.
Look at the dictonary meaning of dilute:
1.To make thinner or less concentrated by adding a liquid such as water.
2.To lessen the force, strength, purity, or brilliance of, especially by admixture.
3.To decrease the value of (shares of stock) by increasing the total number of shares.
greg, allow me to help you - choose 3.
Bryant.......1.3 million options in 2002........
Bryant....
2000-90000 options
2001-253704 options
2002-1332852 options
http://news.com.com/2100-1001-880989.html
They have stolen the company away from little investors like yourself and should stand trial for braking their fiduciary relationship with their stockholders.
Why do you support crooks like the Intel lunch bunch? They should be behind bars...humble carl
Isn't that just wonderful?
I ask all x-Intel employees: Are you still in the Intel Stock Option Fold?
(Fold: A group of people or institutions bound together by common beliefs and aims)
The huge number of stock options given to all Intel employees makes less than 1% exceedingly large!
Johnny Cochran was duck hunting recently, when I met him.
You may remember him from the O. J. Simpson trial, where he said:
The glove don't fit
you must aquit.
In regard to the huge dilution problem at Intel he quickly figured it out and said:
If not in the fold
you are left in the cold
All x-Intel employees are no better of than any other investor. It will just take them longer to come to the harsh realization that they too are being "sh*t" on...humble carl
<<I have no idea and I hope someone does and will post here. I would add though that I believe those options must have been granted at what was fair market value at the time>>
Negative. During his term a director the stock was never that low, with splits figured in of course. Besides we need to know if he contributed some worth to the Intel company.
Playing Canasta with other Board Members should not count in evaluating a director's worth...humble carl
This is the Great Piously Humble Carl just awakening from a long many year sleep during which I blindly trusted in Intel management performing their fiduciary relationship to their "little" stockholders. (People with less than 1/4 million shares of Intel are included under the category of "little").
<<Carl doesn't own AMD shares.>>
Quite true. But, that strikes me very hard and I say like Felix would: I resemble that remark!
The stocks that I own is insignificant for my future well being. San Diego real estate is better. I fight crockedness wherever I see it.
The big boys at Intel are selling the "little" share holders down the river, and laughing at the little ponds that we are in their game.
Lets talk about director Pottruck. Nobody has been able to explain why this Director, CEO of Charles Schwab Corp. was given the right to by 300,000 shares at $1.60 per share. I think Amy J. is getting green with envy about that one. Instead of only getting 1 share for $15.85 (as she posted recently) she would have been getting almost 10 shares. Wouldn't that be a lot better, Amy? Well, us Intel share holders paid for the gift to Pottruck as the shares have been re-purchased on the open marked with the meager Intel share earnings. This has cost us about $5,000,000.
How did Pottruck provide Intel with valuable service to earn this money or was his friendship with Grove and Barrett sufficient to be given this gift?
humble carl wants to know