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Short Take: Intel reduces stake in CNET

Intel has reduced its stake in CNET: The Computer Network to 4.1 percent, based on 15.4 million shares outstanding, according to filings with the Securities and Exchange Commission. Intel sold 162,500 shares between July 8 and July 10 for an average of $54.90 a share. Last year, Intel held a 5.9 percent stake in the company, based on 13.3 million shares outstanding.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
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Dawn Kawamoto
has reduced its stake in CNET: The Computer Network to 4.1 percent, based on 15.4 million shares outstanding, according to filings with the Securities and Exchange Commission. Intel sold 162,500 shares between July 8 and July 10 for an average of $54.90 a share. Last year, Intel held a 5.9 percent stake in the company, based on 13.3 million shares outstanding.