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Politics : Formerly About Advanced Micro Devices

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To: Process Boy who wrote (73703)10/2/1999 12:37:00 AM
From: tejek  Read Replies (3) of 1573512
 
****NEWS ALERT****

INTC DOWN NEARLY 2 1/2 IN AFTER HOURS TRADING DUE TO NEGATIVE ARTICLE COMING OUT IN BARRON'S THIS WEEKEND.....BARRON'S REPORTED TO BE RABID INTC HATER!

Sun Seeks Stock Split; Intel Drops After Hours on Barron's Story
By Tara Murphy
Staff Reporter
10/1/99 8:52 PM ET

According to a Securities and Exchange Commission filing, Sun Microsystems (SUNW:Nasdaq) has asked its shareholders to approve a 2-for-1 stock split, which would double its authorized stock to 3.6 billion. The stock split, which will be voted on by shareholders Nov. 10, would be payable Dec. 9.

After-Hours Markets
CNBC, in its weekly Barron's preview, revealed that Intel (INTC:NYSE) would be the subject of a negative cover story to be released this weekend. The news, which broke around 7 p.m. EDT, sent Intel's stock down in after-hours trading on Island ECN.


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