For those that support Intel, please note the 3 for 1.99994562416 stock split in the forwarded news item.
Jim Druzik
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Date: 07 Dec 94 16:02 GMT
From: [log in to unmask] (Jennings-Emery, Lori)
Subject: Intel Stock Split
To: [log in to unmask] (Bergen Brunswig Corp, T Bergman,PAS),
[log in to unmask] (Bergen Brunswig Corp, McLaughlin,AM),
[log in to unmask] (Bergen Brunswig, Ray Pacitti,CST),
[log in to unmask] (Bergen Brunswig Corp, Tessman,AM),
[log in to unmask], [log in to unmask], [log in to unmask],
[log in to unmask], [log in to unmask], [log in to unmask],
[log in to unmask], [log in to unmask], [log in to unmask], [log in to unmask]
Message-Id: <[log in to unmask]>
FYI -Lori
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Sub: Intel Stock Split
INTEL STOCK SPLIT ANNOUNCED
Santa Clara, CA, 12/2/94
Intel (NASDAQ: INTC) today announced a 3 for 1.99994562416 stock split
effective Jan 5, 1995, for stockholders of record as of Dec 9, 1994.
Although analysts were surprised about the strange ratio in the stock split, an
Intel spokesman stated that "That's just the way the math worked out!"
Intel also filed a motion with the SEC requesting that it be allowed to publish
it's financial reports to only 1 or 2 significant digits stating that: "There
are significant efficiencies to be gained, both in the preparation and printing
of financial reports. Just as
taxpayers can choose to file returns using the whole dollar method, we feel we
can get financial reports out much faster if we don't have to rerun all our
spreadsheets through a PowerPC to verify them. Besides, most investors only
care about the first 2 significant digits anyway!"
In related news, Microsoft Corporation (NASDAQ: MSFT) announced that its
chairman, Bill Gates, had filed for personal bankruptcy after discovering that
his personal net worth had been overstated by approximately $8 billion due to a
undisclosed computer glitch.
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