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Technology Stocks : Intel Corporation (INTC)
INTC 34.97+1.4%9:42 AM EST

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To: Barry Grossman who wrote (98253)2/5/2000 2:19:00 PM
From: Road Walker  Read Replies (1) of 186894
 
Barry,

All time high closes are good things <g>. It seems like the only sector that is going up is techs; drugs, banks, retailers, transports, others seem to be well off their highs. This is a strong cyclical period for tech stocks, but sooner or later this has to broaden out to the rest of the market. Surprising it hasn't, because earnings are coming in very good.

Cable, price wise, seems to be the best deal. I am continually surprised by how many people in this area have had cable access available for well over a year, and don't take advantage of it. I suspect thats part of the problem with building the infrastructure, if less than one in five homes participate, the system upgrade becomes expensive for the ROI. No one marketed DSL to this area that I am aware of.

I don't see any negatives for Intel going forward, but you know how that goes, we've been surprised before. Tony pointed out in a subsequent note that Intel is only selling at 36 times 2000 estimates of 2.90, and some analysts are saying 3.00 is conservative. Yes, I could easily see $150 by year end.

Good luck with your DSL connection on Monday.

John
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