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Technology Stocks : INTC

INTC 40.56

+10.2%

Nov 28 9:30 AM EST

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To: Kevin S. Oost who wrote (292)	4/20/1997 1:42:00 PM
From: Gary Ng	of 990

Re: That is why they are buying back their shares now to keep up the price They are buying back because they found no better use of their cash. Intel is not some new IPO companies which care their share prices more than the core business. With tons of cash coming in day after day, they have to find a place for it. Sitting in the bank is by no means a good idea unless they expect some really tough time ahead. IMO, it also means that they thought the current price is reasonable and that means more than any upgrade by any of those investment banks. No one knows Intel's business future better than themselve. Gary

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