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Technology Stocks : Intel Corporation (INTC)
INTC 48.67-0.2%3:59 PM EST
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To: chuckie who wrote (7918)1/12/1997 11:58:00 AM
From: Fred Fahmy   of 186894
 
Chuckie,

You must be reading too fast. I think you need to re-read my posts. I never said that stock splits don't affect the short term price of a stock. In fact, they almost always do. However, since the fundamentals of a company do not change based on a split, there is no reason why a split will affect the long term price or value of the stock. I think it is you who needs to revisit Intel's last split. It did run up about 10 points in the short term. It then began to decline for about 6-8 months before bottoming out at 49 back in early 1996. IOM also had a major run-up after their last split. The stock now trades at less than half the post split price.

FF

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