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

To: Srini who wrote (75395)	3/4/1999 5:21:00 PM
From: Howard Clark	Read Replies (1) \| Respond to of 186894

According to Reuters: "The exchange rate and the total number of shares will be adjusted to account for Intel's pending 2-for-1 stock split"

To: Srini who wrote (75395)	3/4/1999 5:22:00 PM
From: GP Kavanaugh	Respond to of 186894

No wishful thinking allowed. They'll adjust the ratio after the split. +Intel, Level One Bds OK $2.2B Stock Swap Merger >INTC LEVL (MORE) DOW JONES NEWS 03-04-99 04:16 PM - - 04 16 PM EST 03-04-99 Intel To Swap 0.43 Shrs For Each Level One Shr > INTC LEVL (MORE) DOW JONES NEWS 03-04-99 04:18 PM - - 04 18 PM EST 03-04-99 Intel To Issue About 18.6M Shrs In Level One Stock Swap (MORE) DOW JONES NEWS 03-04-99 04:20 PM - - 04 20 PM EST 03-04-99 Intel/Level One -2: Merger Close Seen In 2Q > INTC LEVL SANTA CLARA (Dow Jones)--The boards of both Intel Corp. (INTC) and Level One Communications Inc. (LEVL) approved a definitive stock-for-stock merger agreement valued at about $2.2 billion under which Intel would acquire Level One. Under the terms of the agreement, each share of Level One stock would be exchanged for 0.43 shares of Intel stock, the companies said in a joint press release Thursday. A total of about 18.6 million Intel shares will be issued in the merger, including the presumed conversion of Level One's outstanding convertible subordinated notes into Level One common stock when permissible under their terms. The companies expect the merger to close by the end of the second quarter. (MORE) DOW JONES NEWS 03-04-99 04:32 PM - - 04 32 PM EST 03-04-99 Intel/Level One -3: Deal Subject To Regulatory, Hldr OK The companies said the merger would be accounted for using the purchase accounting method. The exchange rate and the total number of shares will be adjusted for Intel's previously announced 2-for-1 stock split. The transaction is subject to regulatory review, Level One shareholder approval and other normal closing conditions. Upon completion of the merger, Level One will become a wholly-owned unit reporting into Intel's Network Communications Group and all Level One employees will continue as employees of this unit. Robert Pepper, Level One's president and chief executive, will join Intel as vice president of the company's Network Communications Group and general manager of the Level One Components division. (MORE) DOW JONES NEWS 03-04-99 04:57 PM - - 04 57 PM EST 03-04-99