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

To: Jim McMannis who wrote (51317)	3/26/1998 9:28:00 AM
From: MythMan	Respond to of 186894

Jim, you know that and I know that (as do some others) but many (too many) do not know the diff between and actual buyback and an authorization. The increase probably covers additional vested options. <g> Pete ps looks like Intel wants to trade up at the open..

To: Jim McMannis who wrote (51317)	3/26/1998 9:28:00 AM
From: Johnnie W.	Read Replies (2) \| Respond to of 186894

What's wrong with you! Are you short INTC? Companies only authorize share buy backs.....The actual buyback is conducted by authorized corporate reps...This buyback is bullish for the stock so you better just cover your short position now!

To: Jim McMannis who wrote (51317)	3/26/1998 9:36:00 AM
From: John Chen	Read Replies (2) \| Respond to of 186894

Jim,Good news. Andy Grove RESIGNS. INTC will shoot up $5 today. Any quotes yet?

To: Jim McMannis who wrote (51317)	3/26/1998 10:16:00 AM
From: Mary Cluney	Read Replies (2) \| Respond to of 186894

Jim,>>>.There is a big difference.<<< I wrote: >>>They authorized a buyback of 100,000,000 additional shares.<<< What is the (big) difference?? Mary

To: Jim McMannis who wrote (51317)	3/26/1998 12:38:00 PM
From: Barry A. Watzman	Respond to of 186894

Indeed; if they bought back all 129,000,000 shares whose buyback is now AUTHORIZED, it would cost about $10 billion -- their ENTIRE cash reserve. Clearly, they are not planning to do this, indeed it is unlikely that they will ACTUALLY buy back more than the 29 million shares that were authorized for buyback BEFORE today's announcement. In other words, this announcement has only psychological value, it is unlikely that ANY shares will be bought back following this announcement that would not have been bought back anyway.