Intel Corporation (NASDAQ: INTC) has filed an automatic shelf registration statement with the SEC. This will allow the company or holders to sell securities from time to time. As with most shelf registration statements, the financial terms are not disclosed.
The company has listed that it can sell any combination of debt, common stock, preferred stock, warrants, depositary shares, purchase contracts, guarantees, and units.
There were also no underwriters named in the filing. Also, the only part of the use of funds is that the use of proceeds will be set in the supplemental prospectus. It also says that “selling securityholders” will be set forth in a prospectus supplement or in amendments.
Intel has over $15 billion in cash and equivalents, and hardly any long-term debt. While these are just the “on the record” filings, it makes you wonder if the company is interested in doing a large transaction. With what is happening in the processor and PC market it might not even be that large of a surprise if the company goes out and secures another leadership position.
Jon C. Ogg
February 23, 2009
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