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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: Joseph wang who wrote (2545)7/24/1996 1:39:00 PM
From: Paul Engel   of 186894
 
Joseph - Re: "These really overvalued stocks are getting crushed."

This is a good assessment. Those companies with strategic products, and inherent value, are separating themselves from the run-of-the-mill tech companies that made money last year when everybody made money.

Sort of like cream rising to the top of the milk bottle (for those of us old enough to remember milk in bottles!).

Unfortunately, there are many fewer solid companies in the tech sector than the also-rans. And the poor performance of the also-rans has contributed to the "spookiness" of this market.

Paul
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