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: StockMan who wrote (38316)	10/29/1997 5:54:00 PM
From: Barry Grossman	Read Replies (1) of 186894

John, Did you consider the possibility that Bruce Francis was both right and wrong? He may have been told of some short term INTC stock repurchases but apparantly didn't realize that the purchases should not be considered new news as they are part of an ongoing, previously reported, stock purchase plan. His mistake, and his producer's mistake, was in verification of his "news". Actually, I don't like to defend the media when mistakes are made, but this could have been a mistake. I'm not surprised with Mr. Francis as I have always felt that his reporting lacks deep understanding of what he was reporting. Very superfical reporting normally. Barry

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