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Technology Stocks : Intel Corporation (INTC)
INTC 35.10+2.3%3:59 PM EST

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To: Dan3 who wrote (104255)6/9/2000 7:39:00 AM
From: Road Walker  Read Replies (1) of 186894
 
Dan3,

In Q4, consumer purchases dominate, and AMD has been much more successful in that arena than in the Fortune 1000 sector where INTC has been relatively bulletproof (so far).

First, don't underestimate corporate 4th quarter sales, they are very strong. Second, a looming memory shortage could limit sales of everybody's PC's. Third, there will be a lot of new products competing for consumer discretionary dollars, from handhelds to Sony PS2's. Consumer spending is not infinite, compelling new products take sales from other products that are not direct competitors, but are in the same price category. There is already some info that retail sales are soft, credit Mr. Greenspan.

I'm not at all convinced that the 4th quarter will be strong for retail PC sales.

John
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