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Technology Stocks : Intel Corporation (INTC)

INTC 37.91

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3:59 PM EST

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To: GVTucker who wrote (133183)	4/23/2001 10:07:51 AM
From: Road Walker	Read Replies (1) of 186894

GV, Just commenting on the flow of money. A big oil supporting Texan get's elected, and enacts a tax cut. Most of the tax savings will not go to discretionary spending, but will go directly to the bottom lines of the oil companies, because of a rise in gasoline prices. Not much incentive to conserve because the additional money will be there from the tax cut. I wasn't saying all this was done by design, only that a paranoid or skeptic could perceive a relationship. Did you note Exxon's earnings this morning? Gasoline is a very healthy business these days, probably better than semiconductors. John

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