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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (203582)11/14/2002 9:49:17 AM
From: Perspective  Read Replies (1) of 436258
 
8:48AM Intel adds 480 mln shares to buyback program (INTC) 18.12: Co's board has authorized the purchase of an additional 480 mln shares as part of the co's existing stock repurchase program. From the beginning of the program in 1990 through Q3 of 2002, Intel has repurchased approx 1.7 billion shares at a cost of about $29 bln. During Q3, Intel repurchased approx 57 mln shares at a cost of roughly $1 bln.

plus a little history:

Weighted shares outstanding
1992 = 6872M
2001 = 6879M

Looks like that $29B was just performance-based compensation to employees to me.

BC
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