Since the markets for tech stocks are high and expected to remain so for some time to come, stock options seem to be a better way of making money than regular salary. provided that the company is promising. the downward risks are minimal, really. Many of my friends have reaped a moolah thr' stocks: there is this friend of mine who got 200 shares @ Rs 10 each in an indian firm some 4 years back. then they split to 800, and when the company got listed on NASDAQ a few months back, the price was Rs 14000 each.... at 28, he is planning to retire...
I am sure the Centre for Development of Advanced Computing (C-DAC) in India came up with some supercomputers called 'Param's a few years back when the US Govt denied access to Crays. This is surely not the first indian supercomputer.
Right from all the childhood stories to his interview yesterday on the German TV (i didn't watch the bbc interview), i think there is one single line of thought that runs behind his actions: his absolute beief in capitalism. Read his open letter to the fellow hackers while in college explaining how sharing of code fails to reward the coder and will eventually lead to poor quality of code. well, that concept might have been proved incorrect, but he believes that every company has the right to take all the necessary steps to crush competetion and this system leads to an efficient market. like the 'adam smith's invisible hand' ...and he works on that principle.
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Since the markets for tech stocks are high and expected to remain so for some time to come, stock options seem to be a better way of making money than regular salary. provided that the company is promising. the downward risks are minimal, really.
Many of my friends have reaped a moolah thr' stocks:
there is this friend of mine who got 200 shares @ Rs 10 each in an indian firm some 4 years back. then they split to 800, and when the company got listed on NASDAQ a few months back, the price was Rs 14000 each.... at 28, he is planning to retire...
I am sure the Centre for Development of Advanced Computing (C-DAC) in India came up with some supercomputers called 'Param's a few years back when the US Govt denied access to Crays. This is surely not the first indian supercomputer.
Right from all the childhood stories to his interview yesterday on the German TV (i didn't watch the bbc interview), i think there is one single line of thought that runs behind his actions: his absolute beief in capitalism. Read his open letter to the fellow hackers while in college explaining how sharing of code fails to reward the coder and will eventually lead to poor quality of code.
...and he works on that principle.
well, that concept might have been proved incorrect, but he believes that every company has the right to take all the necessary steps to crush competetion and this system leads to an efficient market. like the 'adam smith's invisible hand'