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Technology Stocks : Intel Corporation (INTC)

INTC 41.14

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3:59 PM EST

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To: Dave Budde who wrote (27869)	7/31/1997 9:18:00 PM
From: mxyztplk	of 186894

Dave & Bernard, OFF TOPIC Thanks for the reference. This article certainly is specific enough. [Judging by the July 28 effective date, this change was made as part of the negotiations earlier this week.] I will be referring to the text of the bills, once the drafts are available. For example, it is unclear from the article how this would affect Bernard. I.e., if he sold August 14, it is not clear if he would qualify for the existing 28% maximum rate, or fail to qualify for long-term capital gains treatment entirely. [The former would be more rational, but then again this is Congress.] Best regards, Arno

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