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

To: IVAN1 who wrote (71221)	1/12/1999 8:11:00 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 186894

Last split was 2:1 on 7/14/97, a day ahead of the 1997 Q2 earnings report. That split was actually announced with the 1996 Q4 earnings on 1/14/97, at which point INTC had been above 120 for over 2 months. The actual split had to wait at least until the AGM on 5/21/97 for an increase in the amount of authorized common stock to 4.5 billion shares. With 1.66 billion shares currently outstanding, INTC could announce a 2:1 split, but it would almost certainly come with an earnings report, and it hasn't. IMO a split now would be premature since the share price needs to maintain 120+ for a month or two at least, and it's only been there a week or two. Looks like we'll have to wait for the Q2 earnings in April, but if the stock price holds over 110-120, it's a virtual certainty to occur then. David Taylor.