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

To: Sonny McWilliams who wrote (49100)	3/1/1998 7:54:00 PM
From: Xpiderman	Read Replies (3) \| Respond to of 186894

>>Would the brokerage come out ahead if the warrants were not converted and were worthless? Who issued the warrants? << The reason I ask who would benefit is because a lot of the existing INTCWs are in margin account, and therefore are under street-name (the name of the brokerage house), so I think by the end of 3/14 the brokerage house will do the conversion in batches. Then if individual INTCW holder forgets to convert or sell, the brokerage house could claim INTCW expired worthless, but actually they keep INTC (not INTCW) for themselves. I think this INTCW to INTC conversion itself should not affect Intel stock price one way or the other, but I suspect many people will sell anyway for tax reason and the lack of cash to convert it. Does anyone think Intel would issue new warrant?