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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST
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To: Larry Williams who wrote (7514)1/7/1997 12:54:00 PM
From: H.P. Yee   of 186894
 
Larry,

>>You can exercise the warrants any time before expiration by paying Intel the step-up price and having stock issued to you in replacement for the warrants.<<

What is the "step-up" price?, is it set when the warrants were issued? and is the "step-up" price = INTC - INTCW?

thanks for the info.

-H.P.
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