INTC Message Board - Msg: 1011216

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Technology Stocks : INTC

INTC 43.48

+8.6%

Dec 2 3:59 PM EST

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To: Christian Atallah who wrote (50)	3/18/1997 2:55:00 AM
From: Monica Detwiler	of 990

Christian "it is much simpler to just sell your INTCW and buy INTC." NO - ABSOLUTELY NO, if you have a profit in your INTCW. The warrants can be exercised (upgraded) to the stock (INTC) as a TAX FREE transaction. If you sell INTCW, you will occur a TAX on any profit (Federal Long/short term + state tax, if applicable.) Worst case, you can incur a 36% short term capital gain (Fed) and 10% state tax, wiping out 46% of your profit on INTCW before buyingthe INTC. If you own the INTCW and want to own the INTC, exercise the option on the warrant any time up to the expiration date - March ??, 1998. You broker should be able to handle this in conjunction with Intel. Monica

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