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

To: Lizzie Tudor who wrote (178108)	5/26/2004 1:48:17 AM
From: Ali Chen	Read Replies (1) \| Respond to of 186894

"stock buybacks are not all options." True, but learn to see a bigger picture behind the trees, not the non-essential details. - Ali

To: Lizzie Tudor who wrote (178108)	5/26/2004 9:21:56 AM
From: rkral	Read Replies (1) \| Respond to of 186894

OT .. Lizzie, re "stock buybacks are not all options. More than options were shares used to purchase other companies ..." Excellent point. During the 8 fiscal years ending 2003, Intel repurchased 1,344 mln common shares .. and 702 mln option shares were exercised .. while reducing common shares outstanding by 81 mln. Therefore, Ali's $32B POV is reduced to $16B ($30.8B * 702 / 1344) .. even before trying to estimate an impact on cash compensation, had options not been used. Ron