Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: Lizzie Tudor who wrote (173915)	4/1/2003 5:54:07 PM
From: hueyone	Read Replies (1) of 186894

Ellison: We think there's at least 1,000 Silicon Valley companies that need to go bankrupt. The whole model doesn't make sense. There's a bizarre belief that we'll be young forever. I can't even name 1000 tech companies, let alone 1,000 companies that deserve to go bankrupt, but I suspect Mr. Ellison is right. There is certainly no shortage of companies in Silicon Valley that have never had any legitimate, profitable business performance, and the chickens are finally coming home to roost. It isn't going to be so easy anymore to con investors into supporting questionable enterprises with pro forma earnings and pie in the sky pipedreams. The word is out---there is no "new economy." Its time to separate the contenders from the pretenders. JMO, Huey

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