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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

3:59 PM EST

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To: Elmer Phud who wrote (180665)	4/7/2005 7:52:04 AM
From: Amy J	Read Replies (1) of 186894

Reuters Wall St Seen Inching Up on Dell Thursday April 7, 6:26 am ET By Marie Maitre biz.yahoo.com PARIS (Reuters) - U.S. shares looked set for modest opening gains on Thursday after Alcoa (NYSE:AA - News) and Dell (NasdaqNM:DELL - News) kicked off a new earnings season with pleasing updates, but oil prices back above $56 a barrel will gnaw at sentiment. ... U.S. crude prices have surged about 30 percent this year. ---------------------- Imagine how the economy would have done without a 30% increase in crude prices this year. Contrary to popular belief, USD currency devaluation wasn't responsible for a 30% increase in crude prices this year, as the USD certainly didn't drop 30% YTD. Elmer, I think I'm going to back off further from CCs. Intel is expecting 15%, Dell is expecting 16%. Someone posted there is a delay between consumer spending and an oil price peak of 6 months (meaning, an oil peak today would translate into a consumer spending pickup in 6 months) and WS tends to look 6 months ahead.

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