Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mohan Marette who wrote (38128)	10/28/1997 7:56:00 PM
From: Petz	Respond to of 186894

RE: <Intel said they already bought back 23 million shares approx,this year,that is a whopping 2.4 billion dollars> Wow, great timing, Andy, at that price you have a paper loss of 345 million dollars (plus 5*23 million for the five point run-up based on this buyback "news"). Petz

To: Mohan Marette who wrote (38128)	10/28/1997 8:19:00 PM
From: mauser96	Respond to of 186894

They need a strong stock buy back program to support their very generous employee stock option plans. The buy backs won't help the stock price in the long run unless they reduce the number of shares outstanding. I can't locate records to show whether this is the case or not, but memory suggests that total shares outstanding haven't been noticeably reduced. I heard on CNBC that Intel wasn't able to buy back shares in the last couple of days because of the proximity of the DEC -Intel settlement. If so, they will have to start buying tomorrow at higher prices. One should also be aware that announcing a possible stock buy back and actually doing it are 2 different things, though I suspect Intel will actually buy shares. CNBC announced it like a done deal, but it could be just a rumor.It would be a good investment for Intel, maybe better than they make building chips (if they buy at low enough prices.)