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


To: Tony Viola who wrote (104220)6/8/2000 9:53:00 AM
From: Road Walker  Respond to of 186894
 
SEC Filings - Intel planned to sell 1.2 million Micron shares

By Matt Andrejczak and Amanda Tyler,
CBS MarketWatch
Last Update: 9:28 AM ET Jun 7, 2000 NewsWatch
Latest headlines

WASHINGTON (CBS.MW) -- Intel planned to sell 1.2 million shares of Micron Technology on June 2, according to regulatory filings released Wednesday.

Intel (INTC: news, msgs) stands to rake in $94.5 million from the sale, according to the documents. The Santa Clara, Calif.-based semiconductor chip maker planned to use Goldman Sachs as the broker.

Intel has sold 700,000 shares of Micron (MU: news, msgs) since the beginning of June, not including sales plans released Wednesday.


Boise, Idaho-based Micron, which principally manufactures and markets semiconductor memory products, saw its shares hit a 52-week high of 82 1/5 on Monday.

An SEC Form 144 only shows a filer's intent to sell shares. Actual verification of sales, when they occur, is required in later filings

There are about 159.8 million shares of Micron outstanding. The stock fell 1 5/16 to close at 75 3/4 on Wednesday.




To: Tony Viola who wrote (104220)6/8/2000 2:59:00 PM
From: jim kelley  Read Replies (1) | Respond to of 186894
 
Well, there is always massive resistance to big changes.

Fortunately, INTEL is a strong enough company to be a technology leader rather than a follower.

When INTC no longer leads but only follows the path of least resistance(the memory component suppliers), then it is time to dump the stock!

A lot of people are worried about the changes that are coming.

JK