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Technology Stocks : Intel Corporation (INTC)
INTC 37.51-0.8%3:59 PM EST
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To: The Duke of URL© who wrote (51162)3/25/1998 6:51:00 AM
From: Fred Fahmy   of 186894
 
Duke,

There are several reasons why companies increase the number of authorized shares. As you pointed out, in Intel's case the use of shares for acquisitions is unlikely. Extra shares, however, could be reserved for future buyback programs if and when they become desirable. Extra shares are also used for executive compensation.

FF
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