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

To: Joey Smith who wrote (38107)	10/28/1997 5:53:00 PM
From: Dennis	Read Replies (1) \| Respond to of 186894

Joey, INCREDIBLE Talk about bad reporting. They reported this at about 3:00 pm. I think intc was already in low 80's by then. What a bunch of bozos at CNBC. Dennis 1

To: Joey Smith who wrote (38107)	10/28/1997 6:22:00 PM
From: Miles Tailor	Respond to of 186894

Dow Jones Newswires -- October 28, 1997 Intel Says Buyback Not Likely Immediately After DEC Pact NEW YORK (Dow Jones)--Intel Corp. (INTC) typically doesn't buy back stock immediately after big announcements, such as the legal settlement with Digital Equipment Corp. (DEC) that was announced Monday, a spokesman said. CNBC reported Tuesday afternoon that Intel would begin buying back its shares Wednesday. Intel spokesman Tom Waldrop said he couldn't forecast when the company would buy its stock back in the current quarter. But he did say the company is "not likely to be buying back shares immediately after the announcement with Digital." He said the company usually waits for a "couple of days" after an announcement to avoid "the possible perception that it was a material event." Waldrop said Intel has an "active" share buyback plan, but the company doesn't announce when it will buy its shares. Additionally, Waldrop said there is no "new" buyback program at Intel. In the third quarter, Intel bought back 2.5 million shares for $251 million. So far this year, Intel has bought back 30.9 million shares for $2.4 billion, Waldrop said. Intel rebounded in trading Tuesday, gaining 10 1/4, or 13.7%, to 85 after losing 6.6% in Monday's selloff. -By Christopher Grimes; 201-938-5253