Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.15

-0.6%

Dec 24 12:59 PM EST

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To: Petz who wrote (39483)	11/7/1997 6:49:00 PM
From: Gary Kao	Read Replies (1) of 186894

Are you sure about that figure? Put warrants expire continuously, and Intel doesn't recognize the revenue until expiration. By this strategy, Intel has reaped hundreds of millions over the years, which likely exceeds the paper loss this past one quarter. Gary >By selling put warrants continuously over the past nine months, Intel has a contingent liability to purchase 6.5 million shares of stock at an average price of $90.

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