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Technology Stocks : Intel Corporation (INTC)
INTC 37.67+1.1%9:51 AM EST
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To: Mary Cluney who wrote (153407)12/31/2001 5:01:18 PM
From: GVTucker  Read Replies (2) of 186894
 
Mary, RE: IMO, Intel is really a proxy for the strength of the US tech driven economy. If Intel valuation collapses, the whole US economy would collapse.

I guess that depends on your definition of collapse.

Given that we're talking about a 50% drop in Intel's price here, I'll take that as a stock collapse.

From fall 2000 to fall 2001, Intel's stock price declined about 75%. And yet, during that period of time, the US economy grew. It didn't collapse at all.

IMO, the importance of tech in the US economy is vastly overstated.
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