Short Take: Intel on buyback rumors

Intel said it repurchased 23.2 million shares between the start of the year and the end of third quarter, and Intel spokesman Chuck Mulloy said the company is authorized to repurchase a total of 140 million shares under its ongoing buyback program. Earlier, Intel declined to comment on a CNBC report quoting sources as saying Intel was about to announce a massive buyback program.

Oct. 28, 1997 2:15 p.m. PT

said it repurchased 23.2 million shares between the start of the year and the end of third quarter, and Intel spokesman Chuck Mulloy said the company is authorized to repurchase a total of 140 million shares under its ongoing buyback program. Earlier, Intel declined to comment on a CNBC report quoting sources as saying Intel was about to announce a massive buyback program.