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

To: SEMIHH who wrote (54803)	4/29/1998 8:49:00 PM
From: Diamond Jim	Respond to of 186894

they must have been in a hurry... the stock pays .03 sh dividend to holders of record on 4/29/98...they couldn't even wait for that !!! == DOJ worries/related ??? Intel is telling stockholders it all looks good in the 2nd half of '98, while exec's are filling out their form 144's. jim

To: SEMIHH who wrote (54803)	4/30/1998 5:00:00 PM
From: BelowTheCrowd	Respond to of 186894

>the stock pays .03 sh dividend to holders of record on 4/29/98...they couldn't even wait for that !!!< Stock option holders DON'T get the dividend (since they don't actually own the stock), so it's sort of irrelevant in the case of option exercise for cash, which I believe is what's going on. Second, is that the options expire, and probably do so fairly soon. I honestly don't remember the exact schedule at Intel, but they are tied to annual performance reviews, which take place in the spring. In the past, we saw a few less exercises for cash, and more for stock. However tax rule changes make that a very expensive proposition these days, so most exercises are now direct for cash and are reported as sales of beneficial ownership. Third, and most important! These guys (including Rock) are insiders, which means they have a very limited window in which they can buy and sell shares. It usually opens after earnings release, and only lasts a few weeks. In Rock's case it clearly would make sense to wait for the dividend because he does actually own the shares, but he may not be legal to sell by that point. mg