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

To: SJS who wrote (71181)	1/12/1999 5:03:00 PM
From: yard_man	Respond to of 186894

>>magine just how cheap they bought some of those shares<< LOL

To: SJS who wrote (71181)	1/12/1999 5:08:00 PM
From: L. Adam Latham	Respond to of 186894

Steve: Re: Wow...that's stock support. Imagine just how cheap they bought some of those shares... From the announcement: In the fourth quarter, the company repurchased a total of 16.5 million shares of common stock at a cost of $1.5 billion. For the full year, the company repurchased 80.9 million shares at a cost of $6.7 billion. Since the program began in 1990, the company has repurchased 294.3 million shares at a total cost of $13.6 billion. So, Q4 average buy-back price = $90.90, 1998 average buy-back price = $82.81, and historical buy-back price = $46.21. Adam