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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Paul Engel who wrote (128790)3/2/2001 7:41:54 AM
From: Scumbria  Read Replies (2) of 186894
 
Paul,

9 months ago, I was hearing nothing but optimism from inside. The last couple of interest rate hikes in spring 2000 seem to have triggered a feedback loop of falling stock prices, reduced investment income, reduced expectations and spending, leading to further falling stock prices. Many large technology companies (like Dell) depend heavily on investment income. Dell has traditionally made more than 50% of their income by buying calls on their own stock.

I don't think that having the newly elected President going around the country talking down the economy since December, has helped consumer confidence or spending any either.

Scumbria
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