Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.51

+0.4%

Dec 9 3:59 PM EST

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To: Barry A. Watzman who wrote (36597)	10/17/1997 10:18:00 PM
From: Road Walker	of 186894

Barry, re: IBM MSFT Everything I have read recently about IBM's business operations has been negative. I have also read that they do not conservativly hedge their currency exposure. I don't believe most of what I read, and IBM seems to come out of marginal earning smelling like a rose, so I won't make any predictions. They are activly buying back large quantities of stock which will help EPS. I honestly don't know enough about Microsoft to comment. From a TA perspective real serious INTC support (200 day moving average) is at 80, a break of that on a closing basis is pretty bad. I personally expect it to hold above that level as it has already given back about 10%-12% from it's two month trading range. John

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