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Technology Stocks : Intel Corporation (INTC)
INTC 46.95-2.8%Jan 16 3:59 PM EST
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To: Thomas M. who wrote (97502)1/26/2000 11:11:00 AM
From: Ali Chen  Read Replies (2) of 186894
 
Thomas, <Intel spent roughly $3.5 billion on stock repurchases.>

Which year are you talking about? 1997? In 1999 the
volume was $4.6B, which would translate into
actual earnings of $1.24 instead of $2.11, or
70% overstatement.

Two weeks ago I have compiled some data from
Intel's year-end reports:
Message 12567459
Upper part is official Intel data; the bottom half
was adjusted for stock buybacks by myself.

Some quotations from old reports:

intel.com - for 1999
"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."

intel.com - for 1998
"For the full year, the company repurchased 80.9
million shares at a cost of $6.7 billion. Since
the program began in 1990, the company has
repurchased 294.3 million shares at a total
cost of $13.6 billion."

intel.com - for 1997
"During 1997 the company repurchased 43.6 million
shares at a cost of $3.4 billion under the program.
Since the program began in 1990, the company
has repurchased 213.4 million shares at a total
cost of $6.9 billion. "

intel.com - for 1996
".. For the full year the company repurchased 16.8
million shares at a cost of $1.3 billion. Since
the program began in 1990, the company has
repurchased 84.9 million shares at a total cost
of $3.5 billion."
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