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Elmer Phud

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Elmer Phud

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Monday, 01/27/2003 3:20:52 PM

Monday, January 27, 2003 3:20:52 PM

Post# of 151834
Spokeshave -

Intel's Barrett acquires 602,000 shares


By Leticia Williams, CBS.MarketWatch.com
Last Update: 2:24 PM ET Jan 27, 2003

WASHINGTON (CBS.MW) -- Intel Chief Executive Craig Barrett bought 602,000 shares of the company's common stock last Thursday, according to regulatory documents.

Barrett acquired 512,000 shares by exercising stock options, at $2.81 a share, according to a Form 4 released Monday by the Securities and Exchange Commission.

Barrett reported in the filing that he directly owns 3.2 million shares of the Santa Clara, Calif.-based chipmaker (INTC: news, board). He indirectly owns about 3,000 shares.

Shares of the company's common stock gained 1 cent to trade at $15.86 recently.

Well I guess this proves Intel is headed for the moon!






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