Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.45

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3:43 PM EST

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To: Xpiderman who wrote (49106)	3/1/1998 8:17:00 PM
From: Sonny McWilliams	Read Replies (1) of 186894

Xy. Re: Does anyone think Intel will issue new warrant? Who knows. But IMO it would be pretty stupid. If they were planning to do this they could have put an extension on the warrants which I was hoping for. Coming back to those warrants and the brokerage. Hm. Interesting thought. I had my warrants in street name. I can't imagine that a brokerage could convert without the permission of the holder. Even though it is in street name, it is NOT their warrant. My broker can't buy, sell or convert without my permission. I think it would not be legal. And if an owner would have missed the boat on a conversion or sell, I am sure they would check with their brokerage and Intel to see what happened. No, I don't think a brokerage house can convert for themselves. Come to think of it. If I had not converted I am sure that my account would show a worthless warrant when the time came. I had a stock once that became worthless (sigh but not because I forgot to convert) and it still shows up on my account after years and years. What would happen if you ask your brokerage for your worthless warrants for memories sake? gg. Sonny

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