Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 42.75

+6.8%

1:56 PM EST

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To: Mary Cluney who wrote (153407)	12/31/2001 4:48:23 PM
From: Paul Engel	of 186894

Mary - Re: "IMO, Intel is really a proxy for the strength of the US tech driven economy. If Intel valuation collapses, the whole US economy would collapse." This is absolutely correct. Witness what happened to Intel on September 22, 2000 and afterwards, when they unloaded the "news bomb" that they had seen a sudden drop in business in Europe. Nearly every other company - AMD, Cisco, Dell, Compaq - just shrugged their shoulders and said - "BIG INTEL PROBLEM - but WE'RE doing FINE !!!" By January, 2001 the impact that Intel saw - clearly the beginning of the wave - had caught up to nearly every single technology company and all these stocks followed Intel's down into the dumper. Paul

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