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Politics : Formerly About Advanced Micro Devices
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To: Cory Gault who wrote (85615)1/6/2000 4:35:00 PM
From: tejek  Read Replies (1) of 1572640
 
Cory,

There is a belief in the marketplace that CNXT is over priced which led to a downgrade a while ago. Tech stocks with large P/E's have been hammered the past few days....Intel is not one of them.

I am telling you all this only because I know you have a lot of Intel. My point is that Intel's earnings prospects to do not look good given the events of the past few days. If that proves to be true, you can expect the stock to drop into the 60's. This may not concern you because of your cost basis. However, for whatever its worth, my gut tells me that the market is getting very impatient. That's all.

ted
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