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

To: JDN who wrote (66758)	10/15/1998 3:15:00 PM
From: Tarzan	Read Replies (1) \| Respond to of 186894

Seems toppy to me here.

To: JDN who wrote (66758)	10/15/1998 4:02:00 PM
From: nihil	Read Replies (2) \| Respond to of 186894

RE: Employees sell the stock Of course, many of them must sell, to buy their houses, boats, and sports cars -- which are the real motivators of employee effort. But notice that I mentioned companies that repurchase shares for resale to employees (through options exercise and stock purchase plans). The purchases or put exercise in contemplation of the sales reduce cash and capital, but by increasing demand for the stock lead to an increase in stock price (ceteris paribus). Since stock repurchase is usually viewed by the market as bullish, capitalization may increase. With fewer shares outstanding and higher price, the stockholders will have benefited. Remember, in a company like Intel, capitalization/capital is about 6-8. Each share sells at a multiple of NAV. Market opinion based on earnings expectations determines valuation. If the earning capacity of Intel is increased by rewarding employees, stockholders benefit. View the scene in motion, not as a still pic.