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Intel Board Of Directors Approves Repurchase Of An Additional 480 Million Shares Of Stock

SANTA CLARA, Calif., Nov. 14, 2002 – Intel Corporation today announced that its board of directors has authorized the purchase of an additional 480 million shares as part of the company’s existing stock repurchase program. From the beginning of the program in 1990 through the third quarter of 2002, Intel has repurchased approximately 1.7 billion shares at a cost of approximately $29 billion.

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