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Technology Stocks : Intel Corporation (INTC)
INTC 36.61-3.4%10:37 AM EST
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To: Amit Patel who wrote (96115)1/13/2000 7:33:00 PM
From: Ali Chen  Read Replies (2) of 186894
 
<-12.5M shares stock buyback. (903M dollars)in 1999.> Wrong.

intel.com

"During the quarter, the company repurchased a total
of 12.5 million shares of common stock, at a cost
of $903 million, under an ongoing program. For the
year, the company repurchased a total of 71.3 million
shares at a total cost of $4.6 billion. Since the
program began in 1990, the company has repurchased
659.9 million shares at a total cost of $18.2 billion."

$4.6B out of pocket. Your pocket.
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