Advanced Micro Devices Inc (AMD)

[alan81]

Regarding INTC shares...
UpnDown said:
That problem appears to be Intel's options program and the related share buyback program.
The stock option program actually increases book value, as INTC sells shares at market, which is a bit more than book these days. In terms of the buy-back program, INTC says (your choice on if you believe them) that it is NOT related to the option program. If you look at this:
http://download.intel.com/intel/finance/presentations/IntelQ32005final.pdf
and specifically foil 10
you see that the number of outstanding INTC shares has declined by 10% since 1998. The graph shows a decline of over 400M shares, or about 6% since early '03. INTC is buying back significantly more shares than is required to offset the dilution created by the options program.
--Alan