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UpNDown

09/30/05 2:52 PM

#63062 RE: wbmw #63058

wbmw, on Intel stock buyback

Now, as far as stock buyback, the numbers show a 12% reduction...

Ummm, when talking about these numbers, wouldn't it be necessary to condition the discussion with the number of options outstanding? I mean, how many options with a strike price in the 30s are currently being cashed in?

If Intel were to get to -- oh, let's pick a wild, even crazy, number out of the air, say $37 -- what would be the expected actions by the outstanding option holders?