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

To: Scumbria who wrote (65996)	10/8/1998 7:00:00 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Scumbria, RE<<The real significance of a stock repurchase is that the stocks are removed from circulation, thereby decreasing the supply (and increasing the value) of the remaining stock>> In Intel's case, as with most techs, the stock repurchases do not reduce the shares outstanding, but merely prevent the dilution from employee options. In Intel's case, the shares outstanding has remained pretty constant at 1.7 billion shares, declining a little in 97, rising a little this year. The last time that share repurchases had a significant effect on Intel's float was back in 96 when the repurchases reduced the float approximately 100 million shares.