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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Ng who wrote (143532)9/17/2001 9:48:04 AM
From: wanna_bmw  Respond to of 186894
 
Hi Gary, Re: "I believe Intel has well over 5 billion shares floating ?"

Actually, I looked it up on Edgar.

edgar-online.com

It looks like as of end Q2, Intel had about 6.725 billion shares outstanding. 300M shares would be almost 4.5% of that. Assuming it's gone down since Q2, it can almost be 5%. Companies don't get a chance every day to buy back 5% of their outstanding shares, especially companies the size of Intel. It's a bold move. Go, Intel!

wanna_bmw


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