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

To: Jeffrey Thompson Hunter who wrote (38118)	10/28/1997 7:05:00 PM
From: Steve	Read Replies (1) \| Respond to of 186894

NOW WHAT? Just found this article......... Is Cnbc playing with us? Tuesday October 28 6:12 PM EST Intel says no plans to raise shr buyback SAN FRANCISCO, Oct 28 (Reuters) - Intel Corp said that it has no current plans to increase its ongoing share buyback program. An Intel spokesman based in Santa Clara, Calif. said that the company still has in excess of 70 million shares as of the end of its third quarter, available for repurchase as part of its ongoing share buyback plan. ''We have no pending plan to do anything to increase the share buyback program,'' said Intel spokesman Tom Waldrop. Earlier, reports that Intel was planning a major stock buyback contributed to a 10-1/4 jump in its shares to 85. Intel said that in the first quarter of 1997, it repurchased 7.7 million shares, in the second quarter it repurchased 13.0 million, and in the third quarter it bought back 2.5 million. For the year-to-date, Intel's stock purchases totalled $2.4 billion, for 23.2 million shares. Earlier Tuesday, International Business Machines Corp (IBM) announced another $3.5 billion stock buyback, which many traders cited as fueling a major stock market rally in the Dow, which ended up about 337. The news was a boon to the market, one day after the worst single point drop in the Dow. Intel's shares ended up 10-1/4 to 85.

To: Jeffrey Thompson Hunter who wrote (38118)	10/28/1997 7:09:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 186894

Article on Intel denies buyback. I guess the good news is that Intel is still authorized (as of end of Q3) to purchase 70M of its shares as part of its old buyback, which at today's close amounts to around $6B. Any ideas how this rumour got started. joey Tuesday October 28 6:12 PM EST Intel says no plans to raise shr buyback SAN FRANCISCO, Oct 28 (Reuters) - Intel Corp said that it has no current plans to increase its ongoing share buyback program. An Intel spokesman based in Santa Clara, Calif. said that the company still has in excess of 70 million shares as of the end of its third quarter, available for repurchase as part of its ongoing share buyback plan. ''We have no pending plan to do anything to increase the share buyback program,'' said Intel spokesman Tom Waldrop. Earlier, reports that Intel was planning a major stock buyback contributed to a 10-1/4 jump in its shares to 85. Intel said that in the first quarter of 1997, it repurchased 7.7 million shares, in the second quarter it repurchased 13.0 million, and in the third quarter it bought back 2.5 million. For the year-to-date, Intel's stock purchases totalled $2.4 billion, for 23.2 million shares. Earlier Tuesday, International Business Machines Corp (IBM) announced another $3.5 billion stock buyback, which many traders cited as fueling a major stock market rally in the Dow, which ended up about 337. The news was a boon to the market, one day after the worst single point drop in the Dow. Intel's shares ended up 10-1/4 to 85. More news for referenced ticker symbols: IBM, INTC, and related categories and industries: Computer-Hardware, Semiconductor, stock capsules, options, treasury.