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To: Peter who wrote (2618)1/1/1998 10:43:00 PM
From: Glenn Norman  Respond to of 2740
 
Yo_Peter...........................After the FTC's 1st. hold up (request for more info-which is a automatic delay of deal) Intel and Chips said both parties could bow out of deal after the first extension. Then there was a second extension and Intel and Chips renewed their time extension again, and then a third extension and Intel and Chips again renewed their commitment to the deal. Now, I think that Intel is no dummy, and if Intel felt that the deal would not fly , they (Intel) would have already called off the deal themselves. I feel that Intel ought to have a really good insight by now as to what the FTC is going to do, and as long as Intel stays in the game, I think that is a good sign that the deal will go through.

I do not do options because they are time limited--you could be absolutely correct on what you thought a stock might do but still lose all your money because you were a day early or late on your position. This can't happen on a standard long or short position because you are not "TIME LIMITED".

Cheers_Norman!