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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: StockHawk who wrote (24905)5/17/2000 1:44:00 PM
From: Uncle Frank  Read Replies (1) of 54805
 
Gorilla Intel is the only green on my screen today. Here's why:

intc.com

Intel Announces A 2-For-1 Stock Split And Cash Dividend Increase

Split to Be Effected as a Special Stock Distribution

SANTA CLARA, Calif., May 17, 2000 -- Intel Corporation's Board of Directors has
declared a 2-for-1 stock split to be effected as a special stock distribution of
one share of common stock for each share of the Company's common stock
outstanding. Stockholders of record on July 2, 2000, will receive one additional
share of common stock for each share of the Company's common stock held
on that date.

The Board of Directors' declaration of a special stock distribution is subject to
stockholder approval of an increase in total authorized common shares from
the current limit of 4.5 billion shares to 10.0 billion. Intel's stockholders will vote
on the increase at the company's Annual Meeting later today.

The payment date will be July 30, 2000. On or about that date the new shares
will be mailed from the Company's transfer agent, The Harris Trust and
Savings Bank. The company expects that its outstanding common stock will
begin to trade on a post-split basis on July 31, 2000.

TThe Board of Directors also approved an increase in the Company's quarterly
cash dividend first paid after the stock split. On a post-split basis the dividend
will be increased from $0.015 per share to $0.02 per share. That dividend is
payable on September 1, 2000, to stockholders of record on August 7, 2000.

Appropriate adjustments will be made in accord with the relevant conversion
and exercise terms of Intel instruments granting the right to acquire Intel
common stock.
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