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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: brushwud who wrote (176379)1/6/2004 4:55:41 PM
From: Lizzie Tudor  Read Replies (2) of 186894
 
Intel was founded in '68 and went public in '72 when they were already profitable and highly successful.

Your argument sounds a lot like Hueyone's argument, which is basically that it is "too easy" for startups these days, due to 1)stock options, 2)lenient capital markets etc.

Intel had a few gifts bestowed upon it that newer companies don't have. The proposition 13 tax scam for one. And in the 70s, the luxury of a huge pool of desperate engineering talent laid off from the space program.
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