San Francisco (Aug. 9, 2002) -- Eschewing the format to expense stock options recently adopted by such Fortune 500 companies as General Electric and Coca-Cola, semiconductor manufacturer Intel Corp. said it would not count stock options as an expense.Its decision mirrors that of its Silicon Valley neighbors, high-tech companies Cisco and Microsoft, who earlier said they would not expense employee stock options.
Defending the decision, Intel’s CFO, Andy Bryant said, "There was not a good valuation model to determine the fair value of unexercised employee stock options."
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access