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

To: Jeffrey Thompson Hunter who wrote (38125)	10/28/1997 7:25:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 186894

Jeffrey:Good point. To all who are worried about CNBC report bla bla, calm down guys,let us analyse this situation: Intel said they already bought back 23 million shares approx,this year,that is a whopping 2.4 billion dollars. On top of that read this and I quote "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." So you guys do the math, CNBC or not, new buy-back or not,the point is INTEL DO HAVE A VERY STRONG STOCK BUY-BACK program in place.I wouldn't be surprised they weren't buying last week,yesterday,today and may be even tomorrow. So I dont think tomorrow the stock is going to tank 'cuz some guy at CNBC goofed.Well that is my feeling anyway,