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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (41689)	7/13/1999 11:37:00 PM
From: Benkea	Read Replies (1) \| Respond to of 94695

P.Prazeres: "did they but back any stock in the past quarter or year and/or pay dividends?" Intel's total annual dividend is only $397 mil. Further, their shares outstanding are only 7 mil less than same quarter last year (not a big diff on 3.3 bil shares) excluding the usual options dilution. They claim to have bought back about 90 mil shares over the last three quarters. However, those have either gone to dilutive options grants or to acquisitions whose revenues and earnings are included in the EPS so counting them again is double counting. Net net no reduction in shares outstanding. So, I ask after the $397 mil in dividends, where do the alleged billions in annual earnings go if not to equity?