Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.32

-1.2%

Nov 18 3:59 PM EST

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To: puborectalis who wrote (67592)	10/30/1998 12:20:00 AM
From: Paul Engel	Read Replies (2) of 186894

Steve and Intel Investors - Intel today RACKED UP a $128,458,510.75 profit on its Micron Investment ! Intel's investment of $500,000,000 in Micron gives them the right to exercise 15,810,277 shares of Micron stock, a right that can be exercised at ANY TIME following the necessary paperwork. Micron closed today just under $40, which has returned to Intel a paper profit of $128,458,510 - about 25% return in ten days ! If anybody ever thought that Intel didn't know how to make money ...! Paul

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