Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Petz who wrote (25652)	11/8/1997 12:55:00 AM
From: Paul Engel	Read Replies (1) of 1579910

Petz - Re: " 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.?" That's nice. Guess what Intel bought their shares for 3 years ago? That's right, about $16. That makes them a bunch of financial geniuses - RIGHT? When is the last time AMD bought back any of their stock? Ever wonder why? Because they know its a bad long term investment! Paul

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