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To: Moonray who wrote (2564)	12/15/1997 2:20:00 PM
From: Robert Floyd	Read Replies (1) \| Respond to of 2740

In the following, the "Jan 31 1998" date was in reference to the date after which Intel or Chips may unilaterally terminate the transaction if the tender offer has not been consummated. Please recall: Intel Corporation Extends Offer for Chips and Technologies, Inc. SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 13, 1997--Intel Corporation today announced that the expiration date for the $17.50 per share tender offer by Intel's subsidiary, Intel Enterprise Corporation, for all outstanding shares of common stock of Chips and Technologies, Inc., has been extended until 8 p.m., New York time, on Dec. 23, 1997. This extension is the result of the previously announced Federal Trade Commission request for additional information concerning the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Intel also announced that it and Chips and Technologies, Inc. have agreed to amend their Merger Agreement to extend to Jan. 31, 1998 the date after which either Intel or Chips and Technologies may unilaterally terminate the transaction if the tender offer has not been consummated. As of the close of business on Nov. 12, 1997, approximately 14,113,200 shares of common stock of Chips and Technologies, Inc., had been tendered in the tender offer. This constitutes approximately 64 percent of Chips and Technologies shares outstanding as of the tender offer. Intel, the world's largest chip maker, is also a leading manufacturer of personal computer, networking, and communications products. Additional information is available at www.intel.com/pressroom .