Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Tony Viola who wrote (33778)	10/3/1997 6:38:00 PM
From: Andrew Vargas	of 186894

Intel sells entire VLSI stake WASHINGTON, Oct 3 (Reuter) - Intel Corp said Friday it has sold its entire stake in VLSI Technology Inc, a stake worth $97 million. In a filing with the U.S. Securities and Exchange Commission, Intel said it sold the 2,677,604 shares in the San Jose, Calif. custom computer chip maker on Oct. 1 in open market transactions at $35.50 each under the terms of a 1995 options agreement. Intel, a Santa Clara, Calif., maker of computer microprocessors said in the filing that under the terms of the call options it sold in 1995, it will pay the owners the difference between $35.50 a share and the strike price of the options. The strike price was not disclosed in Intel's most recent SEC filing.

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