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

To: Diamond Jim who wrote (66390)	10/13/1998 5:37:00 PM
From: Greg Jung	Respond to of 186894

James and all. They spent a lot of cash in buying shares. They hadn't done that before afaik, only buying back shares, beginning in 10/97, for ESOP. For $20m shares at $1.7b, that's open market price. As a non-invested party I plead ignorance and lack of time/patience but a topic to investigate is, are they involved at all in any spreads purchases on LEAPS that would allow purchase of stock in coming years? This was an interesting aspect of the DELL repurchase program: They would sell puts at a low strike and purchase calls with proceeds. As a result Dell re-purchase is currently at $20 and proceeds on a steady-eddy rate. What fluctuates with Dell is earnings, they are so unpredictable because they seem to just report what they made, buy an amount of stock, and report the result. IBM has borrowed heavily in order to purchase stock that boosts earnings numbers - if it wasn't for the monthly whiz-bang announcements there it would fall prey to analyst sniping. For Intel, I will say fine to stock repurchase, they have previously been very generous to employees with excess cash may as well distribute it to shareholders. Q: Is this the start of a regular repurchase or is it a prop?