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To: cellhigh who wrote (41863)5/9/2000 3:43:00 PM
From: Barry Grossman  Read Replies (1) | Respond to of 93625
 
CNBC reported that Intel filed on 3/5 to sell 1 million shares of MU and also sold 1.5 million last week.

Intel's 6% of 523,204,296 = 31,392,257 shares

So only 8% of their holdings - so far.

Putting it another way, they've recovered about 30% of their original investment and still own $ 1.82B of MU @ 58.



To: cellhigh who wrote (41863)5/9/2000 3:59:00 PM
From: Jdaasoc  Read Replies (1) | Respond to of 93625
 
cellhigh:
i really hope csco gives the nasd an excuse to pump

Just by chance, a CSCO rep called me at work today and stated they stopped taking orders two days before end of quarter. i.e. They met their numbers with time to spare.
The market, only 5 weeks later than end of 1Q, is in no mood to reward people who have just met their numbers.

john


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