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

To: Elmer Phud who wrote (178300)	6/15/2004 8:59:42 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 186894

Re: There goes your dilution theory What? Where are they getting the stock from where it has no cost?.......From your pocket. And do you honestly believe when INTC buys back shares to help with the dilution that is somehow NOT a cost?

To: Elmer Phud who wrote (178300)	6/23/2004 1:37:19 AM
From: TimF	Read Replies (1) \| Respond to of 186894

Furthermore, the company has bought back 3X the number of shares granted in options. There goes your dilution theory and you're proving the witch hunt theory. The options themselves cause dilution but that shows as an increase in the number of shares. I don't see the need to also count it as an expense. The buybacks reduce or eliminate the dilution but are an expense to the company. Are they treated as an expense according to GAAP and Intel's reports? If so I don't see any problems. Tim

To: Elmer Phud who wrote (178300)	6/23/2004 6:50:07 AM
From: rkral	Read Replies (3) \| Respond to of 186894

elmerp, re "the company has bought back 3X the number of shares granted* in options" I see twfowler has picked up on this week-old statement, so I'd like to set the record straight. Back on May 26th in #reply-20169233, you said "Bryant said Intel has bought back 3X the number of shares issued in options.*". So I'm assuming you meant "shares granted" this time as well. However, here are the numbers for the last 8 years. Year Exercised Repurchased Ratio Dec-03 63.7M 176M 2.8 Dec-02 51.4 183 3.6 Dec-01 68.0 133 2.0 Dec-00 107.5 74 0.7 Dec-99 96.0 142 1.5 Dec-98 126.0 324 2.6 Dec-97 94.4 176 1.9 Dec-96 94.8 136 1.4 Totals 701.8 1,344 1.9 So I find no data to support your claim of Bryant's statement .. except for the one year 2002. Ron