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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: tejek who wrote (155568)1/15/2002 6:41:33 PM
From: Tony Viola  Read Replies (2) of 186894
 
Ted,

So, Tony, what do you think? Were Intel's numbers good enough to cause a Nasdaq rally?

Doesn't look that way. Like I said, and Petz I think agreed, the fools don't understand that Intel's huge capex last year could not, should not, be repeated this year. They seem to be thinking that for growth for Intel to continue, or really kick in, capex has to go up every year. Hopefully, the brighter ones see this and make some comments tonight or tomorrow. I personally think the quarter was fine, and 2002 results for Intel depend overwhelmingly on the economy (vs. depending on the competition).

Tony
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