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To: sportsman who wrote (2644)1/6/1998 11:20:00 PM
From: Timoteo  Read Replies (1) | Respond to of 2740
 
Just looked at the news after replying below-INTC extends tender to Jan 21 from Jan 18. It is clear to me that INTC would not bother with an extension unless they were confident the deal was going through. They are too big a company to be playing games or pump and dump. Also reported January 13 or earlier as deadline so they obviously know something. I'll check news first next time.

Selling at this point might be wise if you are uncertain. I would not short since I am confident the deal will go through. In fact, I am sitting on my shares. Why are people buying? 6% return in 3 days. Not bad. A few hundred or thousand bucks for people like me, but 10,000 share traders are putting real money in the bank.

Timoteo



To: sportsman who wrote (2644)1/7/1998 12:24:00 AM
From: Raptech  Read Replies (2) | Respond to of 2740
 
I don't see that much risk in holding. The news release stated that INTC awaits the FTC ruling, expected on or before Jan 13, and that 62% of the shares were tendered.

My read is that INTC wants to go thru with the deal, and if FTC ruling is negative they will contest. Granted if that happens shares will be tied up much longer than recently.

I am holding and waiting for completion of the tender.

Rap


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