Joel - If you're hiring in the telecom world these days you will typically find you can pay less for the same talent than you could 3 years ago. Do you have any idea the thrashing telecom took over the past 3 years?
Applicants are even willing to pass on stock options these days to secure sound employment (in some cases any employment). Think about the people that joined LU, NT, ERICY, QCOM, etc during the past few years - where are their options today? (answer - way under water). Options are nice but are not the driving factor any more - just having a job is important. Just about every part of this industry (IPR, semi development, components, device manufacturers, infrastructure, operators, services) has experienced belt tightening (including IDCC) during the downturn - there is a HUGE number of available people for evey job IDCC posts.... getting them to move to K o P or Melville is probably the hardest part (IMO).
This is all from very personal experience and the experience of many I know in this industry.
I don't buy it for a second that the company needs over 10M available options to be able to recruit talent....all I see is a lot of golden parachutes.
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