Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.10

-4.4%

12:47 PM EST

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To: Yaacov who wrote (22629)	5/22/1997 1:09:00 PM
From: Paul Engel	of 186894

Yaacov - Re: "What is holding Intel back. " I'm no fan of Technical Analysis. The simple lack of buyers is responsible for Intel no to exceed $165. Be patient. Intel is doing extremely well just hovering around $160 after the Flag Errata bug and the DEC & Cyrix Law Suits. I'd say the stock is showing a remarkable resilience. Intel's customers appear to be doing well - Dell, Compaq, Gateway, etc. Wait until the Q2 earnings results are posted. Remember - the Pentium II is now contributing to REVENUE, instead of sucking up R & D dollars. If Q2 indicates a healthy PC market and continued CPU growth, and margins remain good, the stock will appreciate in value. Patience. Paul

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