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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

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Dec 5 9:30 AM EST

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To: Mary Cluney who wrote (51531)	3/29/1998 4:16:00 PM
From: Harry Landsiedel	of 186894

Mary Cluney. Re: "Did he get this information from a respectable source (Paul Fiondella for example). Or did he just make it up?" Probably made it up. Then Fortune picks it up and runs a story, "The squeeze is on for PC makers." It's called piling on. For balance take a look at the WSJ story on Friday how HP's PC deal with a swedish union turned into a flood of orders. The union made a deal to supply their members with PCs. The normal price of $2500 ($1,000 more than in the U.S.) left PC's sitting on the shelf. The union deal resulted in 8,000 orders for PCs in the first week. In 7 months the number is 58,000 orders. That represented 33% of all the PCs sold in Sweden in 1997. (Talk about elastic demand!) Everytime there is a hiccup in this industry, these guys come out of the woodwork about a slowdown in demand etc. etc. I just keep reminding myself that PC penetration is now around 3% of the world population. I don't know how high is up, but it's substantially more than 3%. HL

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