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

To: Petz who wrote (39483)	11/7/1997 6:49:00 PM
From: Gary Kao	Read Replies (1) \| Respond to of 186894

Are you sure about that figure? Put warrants expire continuously, and Intel doesn't recognize the revenue until expiration. By this strategy, Intel has reaped hundreds of millions over the years, which likely exceeds the paper loss this past one quarter. Gary >By selling put warrants continuously over the past nine months, Intel has a contingent liability to purchase 6.5 million shares of stock at an average price of $90.

To: Petz who wrote (39483)	11/7/1997 8:41:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Petz - Re: "With results like this, be thankful they elected not to expand their share repurchase program." Go back to the quarterly reports from the last 5 years and dig out the average price at which Intel repurchased their shares. You will find that those numbers make Intel look like absolute geniuses. One quarter, they bought at the high. Big deal. Intel isn't perfect. But two years from now, five years from now - even that $250,000,0000 is going to look like cheap price to pay for 2.5 million shares. Look on the bright side, Petz - Intel made $1,570,000,000 last quarter. They sold about 20,000,000 CPUs last quarter. They will most likely repeat these numbers in Q4, perhaps better them. By the way, Intel DID NOT ANNOUNCE CONTINUED YIELD DISASTERS in any of their fabs at the analyst meeting. Quite the contrary. Paul