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Technology Stocks : Intel Corporation (INTC)

INTC 33.45

-0.5%

10:00 AM EST

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To: Barry Grossman who wrote (86784)	8/11/1999 10:56:00 PM
From: Paul Engel	Read Replies (2) of 186894

Barry and Intel Investors - Intel had a VERY GOOD DAY today - i ANOTHER SENSE ! For those of you that don't follow the software companies, Red Hat Software went public today for about $14/share and finished up at $52 1/16 . Some of you may remember that Intel invested in Red Hat last year - and again earlier this year. In fact, Intel owns about 3,005,058 shares of Red Hat, which it bought for (APPROXIMATELY) $5,250,000. Today, Intel's investment in Red Hat is now worth $156.4 million ! So...our money has been hard at work - just returning about 3000% ! I wonder if AMD made $154 million today ? (Hey - they might have sold SOMETHING like desks, chairs, coffee machines, their Flash Memory business !!!) . Paul

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