INTC Message Board - Msg: 3418271

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Technology Stocks : INTC

INTC 40.16

-2.9%

Oct 30 3:59 PM EDT

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To: Jules B. Garfunkel who wrote (854)	2/12/1998 6:46:00 PM
From: Barry Grossman	Read Replies (1) of 990

Jules, If there is a short squeeze on the Warrants, would you expect the Warrants to rise in price and the stock not to follow as much? That is, would you expect the stock price premium to the Warrants to be less than the exercise price? If so, excluding the tax consequences, the benefit would be to sell the warrants and buy they stock, right? However, since this creates a taxable event, and converting the warrants doesn't, if the premium for the stock is always at least 20 7/8, then why does it matter when you convert? You will always have to pay 20 7/8 for the stock. Is this clear? Or am I confused? Barry

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