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Technology Stocks : Intel Corporation (INTC)
INTC 47.14-6.1%Feb 10 3:59 PM EST

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To: Paul Engel who wrote (5806)11/27/1996 11:35:00 PM
From: Jacques Newey   of 186894
 
"The impact of something that grows exponentially is difficult to
predict because the short term consequences are generally LESS than
we had planned while the long term consequences are much MORE than we
expected."

In the recent edition (December 2, 1996) of Forbes ASAP, Federico
Faggin (developer of the first microprocessor) makes this comment
as he looks into HIS crystal ball and prognosticates about the future
of the microprocessor. Faggin goes on to say that..."If we consider
that there are fifty more years of exponential improvement in store
for us, then the long term consequences of this technology are quite
impossible to predict."

WOW! Does he mean to suggest that we are on the flat portion of the
data processing growth curve and we still have 50 years of STEEPER
growth to go? Will this growth curve bear any relationship to Intel
earnings and/or stock price? Maybe? Perhaps not. It is interesting
to note that Intel's historical shareholder ROI growth curve since
1971 has been exponential. Will it continue? I'll take a chance.

Anybody else want to venture a guess?
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