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

To: Doug McMillan who wrote (72345)	1/28/1999 8:31:00 AM
From: Jerry Miller	Read Replies (1) \| Respond to of 186894

137 1/16 pre open RT

To: Doug McMillan who wrote (72345)	1/28/1999 9:47:00 AM
From: Diamond Jim	Respond to of 186894

01/28 09:04 Intel declares stock split, ups dividend (Combines takes, adds share price graf 3, analyst comment graf 4) SANTA CLARA, Calif., Jan 28 (Reuters) - Intel Corp. <INTC.O>, the world's biggest chip-maker, on Thursday declared a 2-for-1 stock split and raised its quarterly dividend by a penny a share in a move expected to ignite a fresh rally among technology stocks. The Santa Clara company's move follows stock splits by fellow technology giants Microsoft Corp. <MSFT.O> and International Business Machines Corp. <IBM.N> and Internet giant America Online Inc <AOL.N>. Intel shares were up $4.75 to $137.50 in pre-open trade. Meanwhile, shares of America Online, which announced a 2-for-1 stock split late Wednesday, were up $4.50 to $170 in pre-open trade. "Intel obviously is going to give a boost to the tech stocks," said Peter Cardillo, director of research at Westfalia Investments. "What we're seeing here is renewed confidence in the technology industry. It's a way of management saying 'good times are ahead.'" Intel shareholders of record on March 23 will be entitled to one additional share of common stock for each share of the company's common stock held on that date. The payment date on the new shares is expected to be April 11 The dividend increase, from 2 cents a share to 3 cents, will be payable, on post-split basis, on June 1 to shareholders of record May 7. Intel said the 2-for-1 stock split will be effected as a special stock distribution of one share of common stock for each share of the company's common stock outstanding. The company said it expects its outstanding common stock to trade on a post-split basis on April 12.