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Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST

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To: Ali Chen who wrote (180941)4/29/2005 5:34:54 PM
From: Elmer Phud  Read Replies (1) of 186894
 
Ali

In any case, you all deviate from the main fact, which is
that last quarter Intel sold its stock to employees for
$0.5B, but had to purchase the same shares back on
open market for $2.5B effectively spending all their
profits on this transaction.


That's not the way it works. The shares exercised this year were supplied by shares purchased years ago at the time of the grant and at the same price as the grant. The shares purchased this year are backing the shares granted this year at today's price, not the shares exercised this year.
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