Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.95

-2.8%

3:59 PM EST

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To: Lizzie Tudor who wrote (176422)	1/6/2004 8:28:00 PM
From: brushwud	Read Replies (1) of 186894

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. Can't speak for hueyone and whatever his point was. The point I was trying to make was that a startup that can't achieve profitablility in four years probably never will. And I don't think there needs to be any policy to support such failed businesses because they are small or new. With respect to 1) I'm pretty sure Intel handed out plenty of stock options circa 1972. With respect to 2) I do feel that profitless ventures looking forward to going public is one of the unhealthy excesses typical of the 1990s. 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. Prop 13 and aerospace layoffs had very little to do with Intel's profitability in the 1970s.

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