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

To: Barron Von Hymen who wrote (49823)	3/5/1998 11:07:00 PM
From: Barry A. Watzman	Respond to of 186894

As a practical matter many of the warrants expire on March 10th, because most brokers are requiring their customers to CONVERT by March 10th if the warrants are in a "street name", which is almost always the case. Several days of overhead are required for "back office" transactions between the brokerage firm and Intel's transfer agent. Anyone who buys the warrants after today may have a further problem, namely the 3 day "settlement period". I'm not sure that the warrants can be converted unless they have "settled", so if anyone buys the warrants tomorrow, they won't "settle" until the day after they stop trading, and the day that most brokerage firms have set as the deadline for conversion. It's damn late for anyone who is still holding the warrants.