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Technology Stocks : Intel Corporation (INTC)
INTC 39.85-3.8%11:46 AM EST
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To: Tim McCormick who wrote (102681)4/19/2000 2:45:00 PM
From: SisterMaryElephant   of 186894
 
Tim,

<He [T.A. Lafontain] was the only one with a strong buy on AMD in the teens>

Tad was right on AMD for the wrong reasons. His reasoning is that AMD would succeed at Intel's expense. He was wrong both about Intel's performance and stock price. Proof? His price target on Intel was $58. Intel is over $100 and earnings are well over $2 billion. AMD's success is not dependent on Intel's failure. IMO, he has not grasped this very simple yet obvious concept, and they pay him big bucks.

Regards,

SK
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