WASHINGTON (Dow Jones)The value of Intel Corp.'s (INTC) equity investment portfolio increased by nearly $292 million, or 8.4%, in the second quarter even though the company reported fewer individual holdings at the end of the period.
Intel held stock valued at $3.8 billion in 562 companies as of June 30, compared with 594 positions worth $3.5 billion as of March 31, according to a filing Tuesday with the Securities and Exchange Commission.
During the quarter, Intel added to its stakes in its top five holdings: General Electric Co. (GE), Microsoft Corp. (MSFT), ExxonMobil Corp. (XOM), Citigroup Inc. (C) and AOL Time Warner Inc. (AOL).
Intel's largest holding remained industrial and entertainment holding company General Electric, with 2,926,280 shares worth $142.7 million, up from the 2,557,780 shares held as of March 31.
Intel held 1,575,600 shares of software firm Microsoft valued at $115 million at June 30, compared with 1,377,300 shares worth $75.3 million at March 31.
Energy company ExxonMobil accounted for $89.7 million of Intel's equity invesments. It held 1,026,559 ExxonMobil shares on June 30, up from 897,259 shares on March 31.
Intel reported having 1,483,110 shares of financial services firm Citigroup worth $78.4 million in its portfolio as of June 30, compared with 1,296,410 shares on March 31.
Intel's position in Internet and media company AOL Time Warner increased to 1,277,846 shares valued at $67.7 million at June 30 from 1,117,046 shares worth $44.9 million at the end of the first quarter.
Among the positions Intel eliminated during the second quarter were Adaptec Inc. (ADPT). Intel reported having 25,500 Adaptec shares worth $221,000 as of March 31 but no shares as of June 30.
Intel also reported a $5 million investment representing 1,005,989 shares in At Comm Corp. (ATCM) as of June 30. Intel held the same number of shares on March 31, when they had an estimated value of $5.3 million.
At Comm, a developer of telemanagement systems, filed for Chapter 11 bankruptcy protection Wednesday and said it intends to continue its daytoday operations during reorganization.
Robert L. Grant, Dow Jones Newswires; 2023937851; robert.grant@dowjones.com
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