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Technology Stocks : Intel Corporation (INTC)

INTC 41.12

-3.5%

3:59 PM EST

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To: Dennis who wrote (38126)	10/28/1997 9:37:00 PM
From: Chris Vu	of 186894

BUYBACK: After market close, INTEL CORP said it repurchased 23.2 million shares between the start of the year and the end of 3Q. Intel spokesman Chuck Mulloy said it is authorized to repurchase a total of 140 million shares under its ongoing buyback program. Earlier, Intel declined to comment on a CNBC report quoting sources as saying Intel was about to announce a massive buyback program. (Reuters 05:34 PM ET 10/28/97) XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX The figure of 140 million shares is double of what I had read earlier. An article in WSJ, gave a figure of 70 millions.

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