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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: Paul Engel who wrote (39471)11/7/1997 6:45:00 PM
From: Petz  Read Replies (2) of 186894
 
Paul, huge contingent liability on Intel's balance sheet and poor timing of share repurchases.

I recently reviewed Intels 3Q report and found some interesting stuff:
1. In the third quarter Intel repurchased 2.5 million shares for
$251,000,000. They are now worth $193,600,000, a loss of 57.4
million.

2.By selling put warrants continuously over the past nine months, Intel has a contingent liability to purchase 6.5 million shares of stock at an average price of $90.

With results like this, be thankful they elected not to expand their share repurchase program.

Petz
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