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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

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To: carl a. mehr who wrote (102898)	4/25/2000 12:46:00 PM
From: Road Walker	Read Replies (1) of 186894

This is a different: Intel Corp (INTC) Apr 25, 2000 2:27 ET Intel to buy into India?s Hinduja firm BOMBAY, April 25 (Reuters) - Microchip maker Intel Corp will acquire an equity stake in cable television network IndusInd Media & Communications, a company belonging to the expatriate Indian-owned Hinduja group, a local source said on Tuesday. Hinduja Finance Corporation Ltd HFIN.BO> has scheduled a news conference later on Tuesday to announce its broadband alliance and give details of the Hinduja group?s thrust in the information technology sector. Hinduja Finance last month approved an in-principle acquisition of a majority stake in IndusInd Media & Communications. At noon (0630 GMT), shares of Hinduja Finance were up 9.60 rupees at 357.50 on the Bombay Stock Exchange. The stock has rallied 51 percent since April 6 on talk the company will bring the technology initiatives of the Hinduja group under its fold, dealers said. Page 1 of 1

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