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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST

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To: Barry Grossman who wrote (7245)1/3/1997 7:51:00 PM
From: Paul Engel   of 186894
 
Barry - Re:"IBM used to own 20% of Intel back in 1985"

IBM began selling off their Intel investment around 1986 (they made the purchase in 1982-1983). I don't recall the exact dates but I believe they completed the sell off in late 1987 or thereabouts. They made many tens of millions of dollars. Maybe more.

Too bad. They could be $24 Billion richer today - in the same league as Bill Gates!

Paul
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