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To: niceguy767 who wrote (21397)	12/4/2000 3:30:28 PM
From: Goutam	Respond to of 275872

niceguy767, re: <1. INTC repurchased 14.3 million INTC shares during Q2 at a cost of $1.0 billion ($70 per share)...Looks like a cool $500 million loss (now $35 per share). I don't exactly put it that way because its more of containing their quarterly stock dilution issue rather than profit/loss on their buy back . Any stock bought back by Intel goes into treasury stock, and I believe they can't reissue it. They have been buying back their stock every quarter partly to offset the dilution caused by the employees exercising their options. This quarter they can buy more shares back for the same money, and there would be far fewer stock options exercises this quarter by employees due to the low price of the stock. INTC projected investment gains of $950 million in Q4...(Given the erosion in the INTC investment portfolio that has since taken place, they may be hard pressed to find $950 million). True, but there are still four more weeks left in this quarter. If the stock market recovers, it may not be a problem for them to meet their investment gains guidance for this quarter. But IMHO, the chances of them lowering their investment guidance next quarter are a lot higher than before. See my other post: Message 14941354 goutama