Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.47

-4.5%

Jan 30 9:30 AM EST

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To: exhon2004 who wrote (52264)	4/7/1998 7:21:00 AM
From: The Duke of URL©	of 186894

greg, excellent post. It is to be noted the Government began going after Microsoft only after MSFT tried to acquire INTUIT. This merger would have put MSFT in the internet Banking business. Perhaps the Banks do have to much power. You are correct that it is illegal for a Bank to own an insurance company. Just as it is illegal for a Bank to own a stock brokerage company. It has been since the law was enacted in 1934, RIGHT AFTER THE LAST 'GREAT DEPRESSION'. The common name of that enactment is the Glass-Stegal Act. Was is Churchill who said, "those that do not study history are condemned to repeat it"? Not to worry, SHORT TERM this will be very good for the market. Again, thank you for your post. Duke

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