Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 33.62

-4.2%

Nov 20 3:59 PM EST

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To: Barry A. Watzman who wrote (48134)	2/19/1998 4:15:00 PM
From: David S.	Read Replies (2) of 186894

Barry, I don't know how many warrants will be sold relative to the number that will be exercised, but if about 20 or 30% is sold to generate the cash needed for conversion, it could be that Intel will be receiving a cash infusion of one to two billion dollars. Someone here can do a better estimation. In any case, does that money go to the bottom line, to acquisitions, to R & D, or what? It is not trivia and I am sure with INTC at about $90 most of it will be converted in the next few days. After all, these operations must be executed by March 10 at the latest. Regards, David S. Long on Intel and Iomega

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