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

To: L. Adam Latham who wrote (80199)	4/28/1999 2:07:00 AM
From: Paul Engel	Respond to of 186894

Adam & Intel Investors - Intel - Level One Acquisition passes Federal AntiTrust barriers. Intel and Level One Merger Receives Clearance From Federal Antitrust Agencies The Level One Acquisition should proceed on schedule, following Level One shareholder approval . Paul {==============================} newsalert.com April 27, 1999 20:57 Intel and Level One Merger Receives Clearance From Federal Antitrust Agencies Jump to first matched term SACRAMENTO, Calif.--(BUSINESS WIRE)--April 27, 1999--Level One Communications Incorporated and Intel Corporation today announced that the 30-day waiting period for antitrust review of the proposed merger of the companies has expired. The waiting period allowed the Federal Trade Commission and Department of Justice to conduct a review under the Hart-Scott-Rodino Act of Intel's planned merger with Level One. The waiting period expired without any request for additional information being issued. As a result of the expiration the parties have clearance from both federal antitrust agencies to consummate the merger. The merger is expected to be completed following Level One stockholder approval. Level One Communications (Nasdaq:LEVL), a leader in communications IC technology, provides silicon connectivity solutions for high-speed telecom and networking applications. These components are critical connecting links in today's telecommunication and data communication (LAN/WAN) networks and are the key building blocks for the Intranets and Internets of the future. Level One combines its strengths in analog and digital circuit design with its communications systems expertise to produce mixed-signal solutions with increased functionality and greater reliability, resulting in lower total system cost. 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. Note to Editors: Third party marks and brands are property of their respective holders. CONTACT: Intel Corporation Chuck Mulloy, 408/765-3484 chuck.mulloy@intel.com or Morgen-Walke Associates Alex Wellins awellins@mwa-sf.com Chris Danne, 415/296-7383