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

To: Ali Chen who wrote (173386)	3/7/2003 6:16:42 PM
From: hueyone	Read Replies (1) \| Respond to of 186894

I was under impression that this is the Intel thread... Man, tough crowd here.<g> So you didn't see any numbers in my original post relating to Intel? I guessed you completely missed my table of SFAS 123 stock option expense for Intel. I guess you missed my link to the footnotes for Intel's 10k where folks can view Intel stock option information for themselves. Actually, it would be a good test of your accounting technology if it will match the actual $1B/quarter stock buyback - all historical data are there. So are you going to provide some additional analysis for the thread on this share buyback topic yourself, or are you just going to try to goad others in to doing it for you?<g> Regards, Huey

To: Ali Chen who wrote (173386)	3/8/2003 4:29:09 AM
From: rkral	Read Replies (1) \| Respond to of 186894

OT ... Ali, re "Actually, it would be a good test of your accounting technology if it will match the actual $1B/quarter stock buyback - all historical data are there." Put bluntly, that would be a waste of time IMHO. There is no reason to expect any correlation between option shares granted, or option shares exercised, ... and common shares repurchased. Some companies that do not have an option program do repurchase shares to bolster their EPS. Many companies that do have an option program do not repurchase shares. The later just let the EPS dilution happen. That begs the question "Should companies repurchase shares to forestall dilution?" I think the answer is sometimes. But a company should only purchase its own shares when they can be purchased at prices below fair value, .. even if it grants options. What's fair value? That's entirely another discussion. "Beyond the scope" as they say. Regards, Ron