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Technology Stocks : Intel Corporation (INTC)
INTC 48.59-1.3%3:59 PM EST

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To: Barry A. Watzman who wrote (36594)10/17/1997 10:39:00 PM
From: Chuck Martin   of 186894
 
Barry, >Re: The trouble is, it could take six months, and my INTCW will expire before that.

You have three choices:
1) Convert the warrants into common for $41.25 a share (I think that's the right price).

2) You can sell them now, and get a capital gains tax offset.

3) You can gamble that this is a typical Wall Street overreaction, and ride out the turbulence. Sure, March is approaching, but IMO this tech selloff is not going to last five months.

It's your call, but my vote is for either 1 or 3.

Best of luck,

Chuck Martin
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