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

To: nihil who wrote (48350)2/21/1998 12:10:00 PM
From: Dr. Id  Respond to of 186894
 
RE: Intcw end of trading

Intel has informed me through my broker has informed me that the last trading day is March 10

This is true. Warrants will cease trading at the close of trading on March 10. However, you still have until 5pm (est) on the 13th to exercise the warrants.(Warrant certificates and check must reach Harris Trust and Savings Bank by 5pm on Mar 13).



To: nihil who wrote (48350)2/21/1998 1:33:00 PM
From: Paul Engel  Respond to of 186894
 
nihil - Where have you been - in a coma?

Paul



To: nihil who wrote (48350)2/21/1998 5:54:00 PM
From: Ibexx  Respond to of 186894
 
nihil,

Re. INTCW's last trading day

There may be an explanation for the apparent discrepancy:

My broker told me that, in my IRA account, if I should decide to sell some INTCW shares and exercise the rest, the selling would have to be done by March 10, as the premium payment needs to be 100% in cash before the brokerage can execute the conversion.

In a regular account, however, there will no delay or waiting if one has margin.

Regards,
Ibexx


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