John,
re:<Interesting situation with Intel. If they report a drop in their capital gains, the nasdaq will fall which will lower the value of their investments even further.>
True, but I don't expect them to say any thing about their capital gains other than reporting the status of Intel Capital in their earnings report. They still have a chance to make this quarter guidance of making about $760Millions in investment gains.
I'll guess that Intel will delay as long as possible in hope that tech stocks recover. They may be get lucky.>
If you are referring to Intel will delay selling their positions to realize gains - I would say that's what exactly they are doing now. I haven't seen any reports of them selling any of the positions since Nov 17. So far they are way behind in meeting their guidance. Here are the transactions they did so far -
Table#1: Shares sold by Intel this quarter
(Intel Q4'00 guidance: $760 capital gains)
=====================================================
change from the
@Estimated Estimated unrealized gains
Date symbol Sold share price Proceeds recorded on Sep 29
--------- ------ ----------------- ---------- ------------------
03-Nov-00 AOL 26,296 @$54.66 $1,437,371 +$26,591
-------
26,296
10-Nov-00 CMGI 8,524 @$16.94 $0,144,375 ($0,093,786)
------
8,524
03-Nov-00 GSPN 170,000 @$73.24 $12,451,089 ($8,288,911)
---------
170,000
13-Oct-00 LNUX 160,000 @$33.77 $5,403,120 ($1,996,880)
16-Oct-00 LNUX 255,000 @$34.15 $8,709,219 ($3,084,531)
17-Oct-00 LNUX 75,000 @$32.75 $2,456,123 ($1,012,627)
18-Oct-00 LNUX 175,500 @$32.41 $5,687,185 ($2,406,565)
23-Oct-00 LNUX 62,000 @$32.64 $2,147,376 ($0,720,124)
24-Oct-00 LNUX 125,000 @$35.81 $4,475,650 ($1,305,600)
03-Nov-00 LNUX 60,500 @$30.52 $1,846,563 ($0,951,562)
--------
913,000
01-Nov-00 NUAN 37,500 @$86.37 $3,238,939 ($1,279,335)
02-Nov-00 NUAN 15,000 @$88.37 $1,325,501 ($0.499,809)
03-Nov-00 NUAN 64,500 @$88.20 $5,688,810 ($2,160,021)
06-Nov-00 NUAN 63,000 @$92.75* $5,843,250 ($1,823,050)
--------
180,000
16-Nov-00 NUFO 90,000 @33.68 $3,031,407 ($4,084,200)
17-Nov-00 NUFO 12,500 @32.40 $405,000 ($0,583,250)
--------
102,500
----------- -------------
Total $64,286,978 ($30,220,650)
----------- -------------
Assuming 70% gains, so far Intel has realized investment
gains of about $64.3 * 0.8 = $51Millions. There are only about 20
more trading days left for Intel to realize gains of about $709M
to meet its guidance of invetment gains for this quarter.
Intel Q4'00 goal: Realize about $760Millions Investment gains
Table#2: Current prices of stocks that are being
disposed by Intel this quarter
=====================================================
Last Updated: December 04, 2000 12:00AM PST
last Change in the
transaction Current price from the
price Price last transaction % change shares left
----------- ------- ---------------- -------- -----------
AOL $54.88 $41.69 ($13.19) -24% ????
CMGI $16.94 $10.00 ($06.94) -41% 3,142,560
GSPN $73.24 $29.89 ($43.35) -59% 2,522,205
LNUX $30.52 $08.38 ($22.14) -73% 2,816,741
NUAN $92.75 $35.24 ($57.41) -62% 390,589
NUFO $32.40 $24.00 ($08.40) -26% 1,272,564
goutama |
