To: Ash Sud who wrote (75696 ) 3/7/1999 11:19:00 PM From: Paul Engel Respond to of 186894
Ash - Here are the details of the upcoming Intel stock Split. Paul {===========================} Thursday January 28, 7:58 am Eastern Time Company Press Release Intel Announces a 2-For-1 Stock Split and Cash Dividend Increase Split To Be Effected as a Special Stock Distribution SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 28, 1999--Intel Corporation [Nasdaq:INTC - news]'s Board of Directors has declared a 2-for-1 stock split to be effected as a special stock distribution of one share of common stock for each share of the company's common stock outstanding. Stockholders of record on Mar. 23, 1999, 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 will be Apr. 11, 1999. On or about that date the new shares will be mailed from the company's transfer agent, The Harris Trust and Savings Bank. The company expects that its outstanding common stock will begin to trade on a post-split basis on Apr. 12, 1999. The Board of Directors also approved an increase in the company's quarterly cash dividend first paid after the stock split. On a post-split basis the dividend will be increased from $0.02 per share to $0.03 per share. That dividend is payable on June 1, 1999, to stockholders of record on May 7, 1999. Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. Contact: Intel Gordon Casey, 408/765-1480 (Investor Relations) Tom Waldrop, 408/765-8478 (Press Relations) www.intc.com More Quotes and News: Intel Corp (Nasdaq:INTC - news) Related News Categories: banking, computers, semiconductors Help Copyright © 1999 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information.