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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Barry A. Watzman who wrote (48134)	2/19/1998 1:10:00 PM
From: Barry Grossman	Respond to of 186894

I don't know if this was posted already because there are mucho posts to catch up with: interactive.wsj.com!BT02/19++1760!WJ02/19++++41!DI02/19+++165!BT02/18++4663!BT02/18++4116! The Wall Street Journal -- February 19, 1998 Technology Brief -- INTEL CORP.: Chip Factory Is to Be Built At a Cost of $1.5 Billion Intel Corp. said it will build a $1.5 billion chip factory with a new generation of manufacturing equipment at an existing site in Hillsboro, Ore. The computer-chip industry giant, based in Santa Clara, Calif., said the plant will begin production in 2000. The factory will be Intel's first that uses 12-inch silicon wafers, which can hold at least 2.25 times more chips than current eight-inch wafers. It also will feature chips with circuitry that are 0.13 microns in length. A human hair is about 100 microns in width. The factory will focus on advanced research and have more than 120,000 square feet of space, as much as other companies have for their full-scale production factories. The plant will be adjacent to another factory on Intel's Ronler Acres campus in Hillsboro. The company said it expects to spend $5.3 billion on new factories and equipment this year. ------------------ Barry

To: Barry A. Watzman who wrote (48134)	2/19/1998 2:12:00 PM
From: Sonu	Read Replies (1) \| Respond to of 186894

Could somebody elucidate the Tax implications of exercising the warrants? Thanx

To: Barry A. Watzman who wrote (48134)	2/19/1998 4:15:00 PM
From: David S.	Read Replies (2) \| Respond to of 186894

Barry, I don't know how many warrants will be sold relative to the number that will be exercised, but if about 20 or 30% is sold to generate the cash needed for conversion, it could be that Intel will be receiving a cash infusion of one to two billion dollars. Someone here can do a better estimation. In any case, does that money go to the bottom line, to acquisitions, to R & D, or what? It is not trivia and I am sure with INTC at about $90 most of it will be converted in the next few days. After all, these operations must be executed by March 10 at the latest. Regards, David S. Long on Intel and Iomega