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Technology Stocks : Intel Corporation (INTC)
INTC 46.96-2.8%Jan 16 9:30 AM EST
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To: Jim McMannis who wrote (171428)10/2/2002 7:54:19 PM
From: Road Walker  Read Replies (2) of 186894
 
Jim,

re: Predictions? Intel has no economic crystal ball. They can project all they want. I have no faith in them.

We were talking about 3Q. Intel said, 3 weeks ago:

Intel expects revenue for the third quarter to be slightly below the midpoint of the previous range of $6.3 billion to $6.9 billion, and within a narrower range of $6.3 billion to $6.7 billion. Microprocessor unit sales are trending toward the lower end of the normal seasonal pattern. The company's flash business is in line with expectations, while demand for other communications products remains soft. All other expectations are unchanged.

AMD is getting their ass kicked. I know you are a 'droid, but face reality.

re: I've told you many times, the only two things holding up this economy are real estate and auto sales at 0% interest.

GDP is expected to grow about 3% this quarter. That's not all real estate and autos.

re: The reason I see the downturn being long and protracted is that Real Estate is relatively illiquid compared to stocks.

Jeez, that's what I was telling you months ago, when you claimed folks were "flipping" real estate.

re: Yeah, sure, I get criticized for taking the negative stance but look what's happened and what's happening.

Are the spooky terrorists still sneaking in over our borders? Do you check under your bed every night before you go to sleep?

John
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