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

To: TTOSBT who wrote (51271)	3/25/1998 10:00:00 PM
From: Fred Fahmy	Read Replies (1) \| Respond to of 186894

TTOSBT, <I'm saying take $2billion with a bay back to enhance stock value.> They spent $1 billion in Q4. We'll have to wait and see how much they bought back in Q1. They spent a total of $3.4 billion in 1997. What do you think would be a good number for 1998? At any rate, I still would like to see them use more cash for acquisitions. Regards, FF

To: TTOSBT who wrote (51271)	3/26/1998 8:34:00 AM
From: Khris Vogel	Read Replies (1) \| Respond to of 186894

Re: You sound like someone who would make a perfect business partner. ie: Hey Khris you know I've always made money for us in the past. But I have to let you know going forward our profits and income are going down. We have billions of dollars in the bank and no debt but I have made the decision to cut you worth. My salary will stay in tact because I know exactly what I'm doing and you know you can trust me on that. As you know I am paranoid and this is how I got us here so trust me going forward you will be rewarded for it. Oh yea by the way I'm going to use some of the savings to crush our competition. Then when the earnings come back you'll be right back on top! Ok buddy! I guess that's the difference between you and me. Based on past performance, my understanding of new products coming out over the next couple years, and the strategic acquisitions and investments the co. has made, I am satisfied that mgmt. does have the long-term, best interests of the co. in mind. They have spent, what, almost $3.5 billion on share buybacks over the past year, but you're saying that isn't good enough. So say that the co.'s PE is too low, compared to the rest of the industry. Look at the rest of the industry. The ones who actually do have earnings have high PE's because the denominator (i.e., the earnings) is so low, the PE can't help but be high. Whatever. I really don't understand your position. If this is such a godawfully run co., why don't you invest somewhere else? Why are you torturing yourself here? The fact you are hanging around can only mean two things. 1) You like pain. 2) You actually do see value and/or growth potential here. Of the two, I suspect you fall into the latter category. The fact you continue to belabor this is bewildering, though.