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Technology Stocks : Intel Corporation (INTC)
INTC 36.38-1.3%3:59 PM EST
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To: Saturn V who wrote (180221)2/23/2005 3:37:41 PM
From: Proud_Infidel  Read Replies (1) of 186894
 
Intel says dividend will rise slowly over time
Wed Feb 23, 2005 03:35 PM ET

PHOENIX, Feb 23 (Reuters) - Intel Corp. (INTC.O: Quote, Profile, Research) , the world's largest chip maker, is aiming to increase its dividend slowly over time and vary its stock repurchase level to keep its cash position at a target level, Chief Financial Officer Andy Bryant said on Wednesday.

Speaking at an investor conference, Bryant reiterated Intel would "think long and hard" before making a major acquisition and said he believed the company's attempts to break into the cell telephone chip business could still succeed without having to buy a company with an existing market position.
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