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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: Yaacov who wrote (128284)	2/25/2001 2:49:30 PM
From: Ibexx	Read Replies (2) of 186894

Yaacov, Thank you for your very thoughtful reply. Regarding your questions about tax and rate cuts, my personal thoughts are as follows: !. Congress will agree to a compromised package (or major pieces of this package) of tax cut by July, 2001, retroactive to January 1. Chances are that they may have to swallo the gigantic deal in "bite" sizes. 2. I think chances are 50:50 that we shall have an intermeeting rate cut (before March 20's FOMC meeting) of 0.5%. Common sense would have me rule out an 0.25% intermeeting cut as it would serve no purpose in an emergency situation. If there is no cut in the next 2 weeks - God forbid! - then I think Fed will most likely cut its fund rate on March 20 for at least 0.5%. This year, I think, at least for the next 2 quarters, many multinational high tech companies such as INTC, CSCO and IBM etc will rely upon Europe's economic strength to lessen their short-term woes. The current US recession or near recession is largely a self-inflicted wound - whether Mr. Greenspan admits it or not. Regards, Ibexx

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