TheCorporateCounsel.net

May 22, 2003

In a closely watched vote,

In a closely watched vote, Intel shareholders narrowly missed approving a shareholder proposal at Intel regarding expensing stock options – 48% of shareholders voted in favor of the proposal yesterday.

In the wake of fierce criticism, Siebel reversed course in the span of one day – and decided not to hold its annual stockholders meeting on the Web only. See the Mercury News article at http://www.bayarea.com/mld/mercurynews/business/technology/5874932.htm.