Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Ali Chen who wrote (96331)	1/15/2000 6:24:00 AM
From: nihil	Read Replies (1) of 186894

The stock buyback is simply evidence that Intel knows of no more profitable investment than its own stock. Andy has always said that INTC was underpriced. The best way to push the price up is to buy the stock and not build any more fabs. The new and refurbished fabs are merely to quiet hoi polloi. I would prefer that Intel simply dilute the stock earnings by issuing more stock to optionees, rather than buy the stock back. It seems silly to buy the stock when one can print more really cheap. Sort of like owning an Intel Bank. I love Intel acquiring stock by selling private placement puts to its big investors (Fidelity etc.) Intel needs to get its multiple up to 100 or so that it could do some serious acquisitions. I think it would be neat to buy Lucent while its cheap. I think Nortel would be okay (while its down). Of course, they could buy Citibank or GM or Samsung or Australia or something fun.

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