Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.15

-0.6%

Dec 24 12:59 PM EST

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To: Ali Chen who wrote (180960)	4/30/2005 11:48:01 PM
From: rkral	Read Replies (2) of 186894

Ali, re "there were no buy backs [ed: ...] before your 9-year period." False. From the 1995 10-K ... "In 1990, the Board of Directors authorized the repurchase of up to 80 million shares of Intel's Common Stock in open market or negotiated transactions. The Board increased this authorization to a maximum of 110 million shares in July 1994. As of December 30, 1995, the Company had repurchased and retired approximately 68 million shares for the program to date at a cost of $2.19 billion. " sec.gov That's 544MM (split-adjusted) shares repurchased compared to 432MM(split-adjusted) shares issued due to option exercise during 1991 thru 1995. So buyback shares exceeded exercised shares during the prior 5 years ... which means the "covered call" POV for today's grants is still valid. Ron P.S. If you're just going to WAG it, I have no interest in continuing this discussion.

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