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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Diamond Jim who wrote (102229)4/12/2000 2:58:00 PM
From: Tony Viola  Respond to of 186894
 
Jim, I don't know if he flip flopped. Like I said, he only talked about the company, not the stock.

Tony



To: Diamond Jim who wrote (102229)4/12/2000 2:59:00 PM
From: Windsock  Read Replies (2) | Respond to of 186894
 
All Intel investors

The first step for a stock split?

WASHINGTON -(Dow Jones)- Intel Corp. (INTC) is asking its shareholders to approve a proposal to increase the number of authorized common shares to 10 billion from 4.5 billion, according to a definitive proxy statement filed Wednesday with the Securities and Exchange Commission.

Shareholders will vote on the proposal at the company's annual meeting in Santa Clara, Calif., scheduled for May 17.

The company said the additional shares will provide the company with the flexibility to issue common stock for a variety of corporate purposes, such as future stock splits and stock dividends, acquisitions and to raise equity capital.

The additional shares may also be used to adopt more employee benefit plans or to reserve additional shares for issuance under such plans and under plans of acquired companies.

Intel, Santa Clara, Calif., makes semiconductors and computer, networking and communications products.

-Al Hennagir; Dow Jones Newswires; Federal Filings Business News; 202-628-9793
(This story was originally published by Dow Jones Newswires)