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

To: Dakota Sullivan who wrote (49093)	3/1/1998 8:40:00 PM
From: Barry A. Watzman	Read Replies (1) \| Respond to of 186894

I think that the total float of INTCW was about 40 million shares about 8-10 months ago (it's doubtless much less now, many have already been converted). I don't expect any significant impact, Intel itself has been treating these as if 100% will be converted for some time (years), because they have been so far "in the money". Shares to do the actual conversion are already reserved. I don't think that the market will see an impact either, 40 million shares is insignificant in terms of the 1.6 BILLION share capitalization.