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Technology Stocks : USWeb (USWB) -- Ignore unavailable to you. Want to Upgrade?

To: Julie Simmons who wrote (880)	5/13/1999 9:16:00 PM
From: Maverick	Read Replies (1) \| Respond to of 1188

INTC sold 425 K shares of USWB 07:44 PM ET 05/12/99 Intel sold 425,000 shares of USWeb WASHINGTON, May 12 (Reuters) - Intel Corp. , the big computer chip maker, said Wednesday it sold 425,000 common shares of USWeb Corp. , one of hundreds of holdings in its $2.5 billion portfolio. Intel's sale around May 6 is "something we commonly do," Intel spokesman Robert Manetta said, explaining that Intel, based in Santa Clara, Calif., has a portfolio of stocks in some 200 companies in which it sometimes sells shares. "We're always looking at the portfolio in terms of the market conditions, how individual stocks are doing and from time to time may decide to sell a portion of our holdings in one of our portfolio companies," Manetta said. "If we can take money out of a company that's had some success and redirect it into our younger companies, we'll often do that," he added. The shares Intel sold were worth more than $9.8 million, according to a filing it made with the Securities and Exchange Commission. The spokesman declined to say how much Intel initially invested in USWeb, a Web site services provider also headquartered in Santa Clara. In a February filing, Intel said it held about 1,277,699 common shares of USWeb, based on the 1,702,699 shares it said it previously held in a February SEC filing. USWeb currently has more than 74 million shares outstanding. Intel's stock price was at $62.75, up 44 cents per share, while USWeb was at $25.81 per share, down 50 cents, in late afternoon Nasdaq trading. ((Peter Ramjug, 202-898-8399))