Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 43.48

+8.6%

Dec 2 3:59 PM EST

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To: carl a. mehr who wrote (111699)	9/28/2000 10:26:58 PM
From: Paul Engel	Read Replies (1) of 186894

Carl - Re: "In the period between 10/7/87 and 10/26/87, Intel went down 56%. That must have been the largest downturn ever. Feel free to comment on my figures as they may be off a bit." July 5, 1974 may compete for the largest single day drop, percentage-wise. I don't have the exact figures at hand, but a friend of mine was telling me about that just a few days ago. For those too young to remember, Intel and the US economy went into a tailspin in early to mid-1974, as the result of the first Arab Oil Embargo - and SOARING gas prices, etc. Intel hit a high of around $80 in early 1974 and hit $15.50 in December of 1974 - all share values are UNCORRECTED for subsequent stock splits. As a reminder, that LOW of $15.50/share would be $0.0128 ( a little more than a penny) when corrected for splits - so you might say Intel eventually recovered from that depressed stock price. Paul

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