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Technology Stocks : Intel Corporation (INTC)
INTC 39.50-3.1%3:59 PM EST
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To: Paul Engel who wrote (68626)11/16/1998 8:46:00 PM
From: Diamond Jim  Read Replies (3) of 186894
 
*Did this really happen?: The buzz after Intel's (INTC:Nasdaq) analyst
conference on Friday in California was that the big chip maker did its best
to intimidate and humiliate Merrill Lynch's Tom Kurlak, who has been
sticking by his guns and not recommending the purchase of Intel as it has
steadily climbed. According to several sources, who talked with attendees,
Intel CEO Craig Barrett flashed a slide on the screen that showed two
Merrill Lynch clients scratching their heads, wondering why they missed the
run in the stock. "Appalling," says one hedge fund manager, who says it
suggests Intel is too fixated on its stock price. Neither Kurlak nor an
Intel spokesman could be reached for comment.
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