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Technology Stocks : Intel Corporation (INTC)

INTC 48.23

+2.3%

Feb 11 3:59 PM EST

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To: greenspirit who wrote (27986)	8/2/1997 1:45:00 AM
From: Paul Engel	of 186894

Michael - Re: "Has the stocks movement gotten rid of that slight hesitation you had? :-)" About a month or month and a half ago, I was pessimistic that Intel was not going to get out of its "rut" until they got their 0.25 micron process in production so as to increase speed, reduce power and reduce die size and costs on their MMX and Pentium II/Deschutes chips. As I noted on July 10, Intel did just that. On July 13, the stock split and on the July 15, their "long dreaded" Q2 report came out that actually didn't look that bad. Their Q3 predictions were conservative but not dour. Plus, AMD's Q2 report didn't look all that impressive - in fact, it was "kinda crummy". The K6 was only limping along, hardly the Intel killer that Mad Dog Sanders led everyone to believe. And here we are - 37 points (pre-split) higher. What a ride - and this ride isn't over! The shareholders (me and a few other guys who showed up for the annual meeting) authorized an increase in total authorized shares of common stock from the (then) current limit of 1.4 billion shares to 4.5 billion. I believe the total number of ISSUED shares is now approximately 1.8 billion (Post Split). Thus, there are enough shares already authorized for a 2 for 1 split - should the board decide to do such a split. Paul

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