Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.58

+4.8%

3:59 PM EST

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To: David M Gambs who wrote (4259)	10/15/1996 3:13:00 PM
From: jackrabbit	of 186894

David, In general, you're right. Intel is incorporated under Delaware law which requires that stockholders approve an increase in the number of authorized shares. This would entail holding a special meeting of stockholders, preparing and mailing a proxy statement to all stockholders, waiting the time periods prescribed by law, etc., etc., etc. My bet is that the board waits to bring up the vote on an increase in the authorized shares until the next annual meeting of stockholders. In the meantime, it looks like they have enough extra shares authorized to declare a 3:2 split. The last two or three splits have been 2:1 but the company has done at least one 3:2 split before. Go Intel! John

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