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Technology Stocks : INTC
INTC 43.75+0.6%3:59 PM EST
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To: Amadeo Zevi who wrote (13)3/17/1997 3:45:00 AM
From: Andrew   of 990
 
** UPDATED **

Hi,

I seem to remember that the stock split would occur sometime around May. Sorry, but I can't find the message at present, but I am sure it had to go to the AGM for approval, or similar.

Rgds
Andrew

Found the report, attached below.
* After market close, INTEL said it expects 1Q 1997 revenues to be
about flat with revenues of $6.4 billion in the just completed
1996 4Q, but up from 1996's 1Q revenues of $4.64 billion. Also,
Intel approved a two-for-one stock split, subject to stockholder
approval of an increase in authorized shares at Intel's annual
meeting on May 21, 1997. Intel also expects gross margins in 1Q
to be flat to down from 63% in 4Q. INTC also expects gross margin
for all of 1997 at 60% plus or minus a few points. (Reuters 05:22
PM ET 01/14/97)
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