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Technology Stocks : Intel Corporation (INTC)
INTC 48.72+3.0%Jan 14 3:59 PM EST
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To: Ivan N. Antich who wrote (91025)10/27/1999 11:26:00 AM
From: NITT  Read Replies (1) of 186894
 
re:"Any comments on this? - Intel's CE to sell 400k shares - Isn't that a lot?"

Yes it's a lot, but they are probably expiring employee stock options. They are also likely "non-qualifies" options which means the IRS collects regular income tax on the gain the day they are exercized. In this case a buy and hold makes no sense since you need to fork over 40% of the gain to uncle sam. In addition, if they are 5-10 year old options, then most of the value is a gain. Nice problem to have... don't some of the AMD investors wish Jerry had this problem.

Nitt
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