Briefly

Santa Clara, Calif.-based Intel Corp. said President and Chief Operating Officer Paul S. Otellini may sell as many as 448,000 shares, worth $10.4 million at Tuesday’s closing price of $23.28 a share, as part of a pre-arranged stock sale.

The shares may be sold in separate transactions in March 2005 and March 2006, Intel said in a filing to the Securities and Exchange Commission. The shares are from options that expire in April next year and April 2006.