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Technology Stocks : Intel Corporation (INTC)

INTC 54.33

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Jan 22 3:59 PM EST

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To: Gary105 who wrote (24333)	6/10/1997 3:21:00 PM
From: Paul Engel	of 186894

Gary - Re: "AMD and cyrix can undercut intel short term, but it leaves them with less cash flow to reinvest in R&D and manufacturing. " This point is absolutely essntial to understanding Intel's business strategy and why it has succeeded. Any fool can sell a CPU at little or no profit. That sacrifices tomorrow's potential for a quick buck today. Guess how many x86 CPU fabs AMD and Cyrix currently have between them? Hint - it is less than 2. Paul

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