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Technology Stocks : Intel Corporation (INTC)
INTC 40.34-2.6%Dec 8 3:59 PM EST
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To: Saturn V who wrote (131921)4/7/2001 11:17:23 PM
From: Tony Viola  Read Replies (1) of 186894
 
Must have been pretty hard for a company that had improved year over year percentage increases in revenue for thirteen consecutive quarters, to see that things could hit the wall that bad last November-December. This means Cisco had accelerating earnings growth for 13 straight quarters. What happened?

I listened to Bob Brinker today and he continues to say Greenspan is out of it. He said, for example, that the last time we were going into recession like this, in 93 or 94, Greenspan had rates at 3.5%, vs. 5% today. Says he's way behind the curve WRT lowering interest rates. Pretty soon it will be a cacophony about Greenspan's being out of it, causing over a trillion dollars in losses en total to individuals, and bringing on a recession that didn't have to be.
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