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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (18849)	4/1/1998 1:42:00 AM
From: Sonki	Read Replies (1) \| Respond to of 27012

intresting info on shares and warrants that got exercised. intc-10K ntel's 1998 Step-Up Warrants expired on March 14, 1998. Between December 27, 1997 and March 14, 1998, 78 million Warrants were exercised at $20.875 per Warrant, and the Company received proceeds of approximately $1.6 billion. Between December 27, 1997 and March 25, 1998, Intel repurchased 22 million shares of Common Stock under the Company's authorized stock repurchase program at a cost of $1.8 billion, including 1.7 million shares for $127 million upon the exercise of outstanding put warrants. During the same period, 9.8 million previously outstanding put warrants expired unexercised. As of March 25, 1998, the Company had the potential obligation to repurchase 14.8 million shares of Common Stock at an aggregate price of $1.2 billion under outstanding put warrants. These put warrants expire on various dates between May 1998 and August 1998 and have exercise prices ranging from $69 to $95 per share, with an average exercise price of $80. On March 25, 1998, the Company's Board of Directors approved an increase of up to 100 million additional shares in the Company's repurchase program. This increase brings the total authorization to 380 million shares. After allowing for shares to cover outstanding put warrants, 129.8 million shares remain available for repurchase under the repurchase authorization as of March 25, 1998.

To: Sonny McWilliams who wrote (18849)	4/1/1998 5:43:00 AM
From: Frank Ellis Morris	Read Replies (1) \| Respond to of 27012

Good Morning Sonny, Happy to hear you had a good time in Atlantic City but sorry it was so cool and windy. During the summer months, my wife and I like to take day trips to Atlantic City, Ocean City and once in a great while Cape May, New Jersey. It was nice to see the Nasdaq up yesterday and it looks like Amd fired a shot over Intel's bow . In time I am confident that Intel will make a very substantial statement of its own to humble Amd. I am pleased that you will be taking me on your next trip as my album Destiny will be in your car. Have a great trip Take care Your friend Frank