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Technology Stocks : Intel Corporation (INTC)
INTC 47.76+1.3%1:00 PM EST

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To: exhon2004 who wrote (2920)8/17/1996 8:51:00 PM
From: jim kelley   of 186894
 
Greg:

I talked with Fidelity Investments. INTC is not in the their top ten Magellan holdings
as of July 30. Their top three M holdings are bonds! The top ten holdings
make up about 20 % of the fund. M has not yet repositioned
its portfolio. It has not yet recovered from Jeff Vinik.

INTC is in the top ten holding of their Technology fund, however. However,
it is not the number 1 technology holding. ASND is the number 1 holding.
The top ten account for about 30 % of this fund as I recall.

Anyway, the allegations of manipulations of INTC by Mutual Funds do
not seem to have any solid numbers to support them. I would not
listen to anymore of these opinions unless there is verifiable data
attached.
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