Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.08

-3.2%

3:59 PM EST

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To: GVTucker who wrote (113989)	10/17/2000 9:07:08 PM
From: maui_dude	Read Replies (1) of 186894

Aloha GV, Re : "Intel spent $1 billion to repurchase just 14.3mm shares. That's $70/share. The short puts are gonna come back and bite a lot of these companies. " There was an article last weekend in San Jose Mercury News about how a lot of big companies make lots of $$$ writing puts. However, when the stock goes down, like it has, they end up having to buy their own stock back at a much higher price. They gave a couple of examples about companies that will lose a lost of cash. However, it also mentioned that Intel (according to their filing) was not one of these company. (earlier in the article, it mentioned that Intel has made a lot of money writing puts). Does anyone have a link to the Mercury News article ? This information is in contrast to your post. Does anyone have an idea how to find the correct info ? Thanks. Maui.

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