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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: Mary Cluney who wrote (73221)2/9/1999 9:27:00 AM
From: GVTucker   of 186894
 
Mary, RE:<<My feelings also is that Intel has stayed undervalued these years, in part, for a lot of pathalogical reasons that I can't really seem to figure out. As an example and without really going into Kurlak's psyche (which I think is gothic - at this point)it is clearly evident that he has done great technical damage to Intel stock prices that will take some time to repair. >>

Funny, when I was on the sell side in the 80's, Kurlak was lambasted for his consistently positive Intel ratings. Now he's being roasted for being consistently negative. In reality, the only thing that has changed is market psychology, not Kurlak. And as far as technical damage is concerned, Kurlak's effect on the price of Intel in less than one week. With any kind of reasonable time horizon, Kurlak's opinion is irrelevant to the price of Intel. This persistent 'undervaluation' that many on this board talk about is more due to the inconsistency in Intel's earnings rather than any analyst.
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