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

To: Paul Engel who wrote (38284)	10/29/1997 2:22:00 PM
From: MulhollandDrive	Respond to of 186894

Happy to oblige....

To: Paul Engel who wrote (38284)	10/29/1997 4:13:00 PM
From: xstuckey	Respond to of 186894

Paul and all, on the subject of Intel's stock buyback, they have spent $1.34 per outstanding share out of a 9 month's total profit of $2.90 per share. Since the total shares outstanding remain the same as last year, I assume this stock (and stockholder's money) has all been given to employees as compensation. Back when I was president and CEO of an electronics company I can assure you that management would have recognized this as a cost of doing business, and hence an expense, regardless of what our auditors called it! So, is the trailing P\E really about 20, or closer to 40? Comments? Best Trading, X