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Technology Stocks : Intel Corporation (INTC)

INTC 36.78

+2.7%

Nov 26 3:59 PM EST

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To: rx4pain who wrote (125327)	1/17/2001 10:40:54 PM
From: Dan3	Read Replies (1) of 186894

Re: Think of all the people who have worked at those electrical companies for years, and their company stock is soon to be worth -ZERO-. It's actually not quite that bad. California's utilities were pretty much split up into generating companies and distribution companies. Presumably, your example utility worker received his appropriate share of each of the spinoffs. While the distribution companies are going bankrupt, it's largely because the generating companies are minting money charging them higher rates. To some degree, what happened in California is that generation was unregulated, but distribution wasn't. So one half of the former company is making a fortune bankrupting the other half. (It's not nearly that simple, but this is a factor in what's going on). Don't worry, it'll get worse, it always does. :-( Dan

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