This sounds bad, Why would intel need to dilute shareholders? Unless something is wrong and they are making up a story. I am not sure how this is good news. Intel Corp. (INTC) shareholders have authorized issuing 134 million common shares under the company's 2006 equity incentive plan and extended the plan to June 30, 2012. The Santa Clara, Calif., chip maker said in a Securities and Exchange Commission filing Friday that after the increase it has authorization to issue 428 million common shares under the plan.