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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Mary Cluney who wrote (92602)11/16/1999 6:46:00 PM
From: Harry Landsiedel  Read Replies (1) of 186894
 
Mary Cluney. Re: "their after tax annual income of about $7B suggests that they must be doing something right. Doesn't it?" How true, but not as much fun as bashing Intel. According to Value line, Intel's total 5 year return was 876.7%, compared to 107.6% for the Valueline Arithmetic index. (AMD's 5 year return was -42.2%)

The part of the article that peaked my interest was, "Everybody wants more," Gelsinger said. "We are meeting all of our backlog commitments to customers; we can't satisfy all of their upside requests."

This is consistent with the guidance when earnings were last announced. Somebody said that business was pretty much what was expected, but demand was greater than expected.

Once again the demise of the PC business has been much exaggerated.

HL
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