Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.57

+4.8%

3:59 PM EST

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To: jackrabbit who wrote (4268)	10/17/1996 10:04:00 AM
From: Warren Van	of 186894

John Haire, David Gambs, & Greg Gimelli: I am new to investing, but I have gathered from reading your Intel threads on SI that Intel is a very sound investment. You guys have exchanged comments on the forth-coming split. Hers's what I have concluded. Please correct me if I am wrong. Intel is prime for a split and it will likely be a 2:1 split. However, Intel must seek shareholder authorization for the new shares first. Otherwise, they only have enough authorized shares for a 3:2 split which is not as desirable. To get the number of shares that Intel wants authorized, Intel has to send the petition to shareholders for a vote. After Intel gains approval, Intel's board may vote to split. I understand the last split was over a year ago. Does anyone remember the date of the annoucement and the date of the actual split? Also, considering how many investors here are long time shareholders, how far in advance of these dates was the vote to authorize more shares? I heard a rumor from a friend who said he saw a report on CNNfn that Intel is make plans for a 3:1 split. The source was an Intel insider. Thanks, guys. Warren

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