Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.39

-0.3%

3:56 PM EST

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To: puborectalis who wrote (138421)	6/30/2001 12:21:38 AM
From: L. Adam Latham	Read Replies (1) of 186894

Fallope: Re: Why does Intel own AMD stock? Does Intel Corp. plan to buy its rival in the microprocessor business--Advanced Micro Devices Inc.? It's unlikely. But according to documents filed at the Securities and Exchange Commission (SEC), Intel surprisingly owns 80,858 shares of AMD's stock--for a total value of just over $2.3 million. Intel has a vast portfolio of stocks in its portfolio, but why the Santa Clara, Calif.-based chip giant continues to hold AMD remains unclear. --M.L. This was explained quite clearly in an article yesterday. Intel's various investment plans for employees include one or more based on the S&P index. So any stock in the index will be bought, even competitors. I would imagine that if AMD has similar index-based investment choices for it's employees, then they probably own INTC as well. Adam

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