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Technology Stocks : Intel Corporation (INTC)
INTC 50.22-0.7%3:59 PM EST
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To: d[-_-]b who wrote (5563)11/20/1996 2:17:00 PM
From: John Hull   of 186894
 
Eric, for the record, and to clear up the confusion, to execute a stock split that would create anything more than the currently authorized number of shares, Intel would need to get approval via a vote of the stockholders.

The "authorized shares" reason is the issue. In the Intel By-Laws, increasing the authorized share count requires a stockholder vote.

Regards,
John Hull
Intel Corp.
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