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Technology Stocks : USRX
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To: Deepak R. Ghosh who wrote (268)6/3/1996 6:50:00 PM
From: John Stopforth   of 18024
 
Deepak

The new video phone by Intel might be what has driven Intel up rescently and USRX down. I know Merril Lynch recommended Intel,
whatever I own both so I guess I'm covered.
The new system requires a 133MH Pentium and will be offered for an additional 200 to 300 dollars mostly the cost of the camera. The news release says it requires a new 28.8 kilobit modem not ISDN.
On the subject of chip stocks some of my indicators have turned positive, not for MU. You know how the stock market works, just when you think you have it figured out it does the opposite.
Take Intel for example after their earnings dissappointed the market, the shares fell to $49, now look at the price.
I'll make a wild prediction, when MU reports their earnings in two weeks they will be below expections and the shares will drop bringing other chip stocks with them. A few days later investors will realize that the number of chip sales were actually good and the whole group will slowly start moving upwards.

Good to hear from you.
John
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