Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.94

-5.1%

Nov 13 3:59 PM EST

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To: mike kennedy who wrote (27681)	7/29/1997 8:40:00 PM
From: lowbuy	of 186894

I'll take a shot at your question and let the more knowledgable people on this thread flame me. INTC's 2nd quarter earnings were down about 18% from the 1st and the 3rd will be down about 5% from the 2nd. The 4th quarter is anybody's guess at this time. The new generation of product is not something that everyone will need. Previous new generation products were bought by a lot of people who had no choice but to upgrade if they wanted to use the software that was on the market. Indeed, try to find any software still available for older machines. There will be a huge demand for the $500 internet-ready machines. This will give people an alternative to the high priced computers carrying the Intel inside. A year from now, the software on the shelves will require the power of the next generation processors to run. In this way, planned obsolescence is maintained. But for the moment, with INTC trading at all time highs and sequential earnings temporarily (undoubtedly) going the wrong direction, I think you have your answer.

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