Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.26

-0.7%

Feb 5 3:59 PM EST

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To: Ronald A.Christopher who wrote (24010)	6/6/1997 2:00:00 PM
From: K.Ramesh	of 186894

This from the Investor Relations page on Intel's web site --------------------------------------------------------------------- The company's outstanding Common Stock and 1998 Step-Up Warrants will formally reflect the 2-for-1 stock split and trade on a post-split basis on July 14, 1997. Stockholders and warrant holders of record on June 10,1997,will be entitled to one additional share or warrant for each share or warrant held on that date.The payment date, or the date on which new shares and new warrants will be mailed from the company's transfer agent,Harris Trust and Savings Bank,will be July 13, 1997. --------------------------------------------------------------------- Could anyone clarify me on this ? What is the significance of the date June 10th ? If I buy Intel shares after June 10th but before July 13th, would I still be eligible to get the additional stocks ? Or would I be left with only the shares I bought at the pre-split price,whose market value would be 1/2 of what I bought it for ? How does this work ? I don't understand this clearly, hence could someone clarify this for me ? Ramesh Krishnamurthy

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