Intel Corp (INTC)

[Professor MD]

Who ended up with the $600 million.

RE: You are very confused. Share buyback $$ do not equal bonus $$.

There are 30 million shares missing. The difference between the number of shares that were bought back by Intel and the reduction of the number of shares that were used to reduce the number of shares outstanding. Since the average cost of the share to Intel was reported by Intel to be $20.00 I estimated the value of the missing shares to be $600 million. The question I pose is “who got the beef”?

In other words I wonder who ended up with the $600 million.