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Technology Stocks : Intel Corporation (INTC)
INTC 35.94-5.1%3:59 PM EST

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To: Mary Cluney who wrote (109827)9/13/2000 4:28:57 PM
From: tejek  Read Replies (1) of 186894
 
We are being set up for the classic Buy (short) the rumor and sell the news.

It certainly looks that way.

I mean how bad could this rumor be for the stock to go down 20%. Are the Pentium Chips exploding at high speeds and users are being killed? (Edit:Insert <gggggg>) Even Bridgstone (Ford) combined have not lost this much in valuation.

Could we have a reality check, please?


Unfortunately reality checks often are not pleasant. SCI, a contract manufacturer, preannounced this AM, citing a slowdown in its PC business as opposed to its telecom production. SLR, another contract manu., reported good earnings this week but had a significant increase in inventory.

As John F. said earlier, where there is smoke, something may well be burning.

ted
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