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To: Paul Engel who wrote (2220)	11/18/1997 12:03:00 AM
From: Ali Chen	Read Replies (1) \| Respond to of 6843

Paul, <These "issuable shares" ... last quarter amounted to about 162,000,000 shares.> <Work a little harder, Ali, and you can learn a lot more about Intel.> I am trying to learn, but you seem to be an ignorant teacher yourself. So, no matter how you named it, Intel has sold 162M bits of paper and put 12 billion dollars in his pocket, right? This is more than a half-year revenue. This money 230 times exceed the 51M they missed to satisfy Street expectation in 3Q. The question remains in effect: how these money are accounted in books and what these money are for. Sounds like some semi-legal stock affair to me. What do you say, Paul? Ask your peers at Intel, maybe they will come up with other round formulation, better than "shares issuable from assumed exercise of options and warrants "