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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST
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To: Amy J who wrote (90399)10/15/1999 1:08:00 PM
From: L. Adam Latham  Read Replies (3) of 186894
 
Amy:

Re: Intel bought an equity stake in Proxicom...through the company's secondary offering of 3.6 million shares, priced on October 7 at $52.38 each.

Looks like a good investment so far (PXCM currently ~$68ish), about a $58,000,000 unrealized gain for Intel in less than two weeks.

Edit - It's unclear from the press I've read whether Intel received the entire offering of 3,600,000 shares, so their absolute $ gain may be less.

Adam
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