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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (121000)7/27/2000 7:48:01 AM
From: f.simons  Read Replies (1) of 1573221
 
>>If it continues, Intel's market cap will surpass US GDP in 8 years. In about 20 years, Intel's market cap will become about 98% of world's wealth.<<

Hi Joe-

This old piece of sophistry has been around a long time. It assumes a stagnant world worth and can be made for any company with good earnings, even AMD. Add a few years onto the numbers and the same thing happens with AMD.
The question was not whether Intel would double every 18-24 onths forever, but rather what my "metric" was. The remarkable fact is that Intel has been one of the world's largest companies for a long time and STILL manages to achieve this kind of growth.

Frank
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