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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST

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To: Gary Ng who wrote (35971)10/15/1997 2:10:00 PM
From: Jim McMannis   of 186894
 
I think you were the one that went away...I've been here all along.
So far Intel has taken the earnings bombs to the gut and gone on to new highs...they took a hit from 170 to 140 this summer on a preannouncement and now from 92 (actually 102) to 85. Will they recover this time and go on to new highs? Well, we know they can prosper in a high margin environment but we don't know about a low margin environment...I see the sub $1000/market has grown 40% this year...and really how long did you really think the consumer would put up with putting out $2000-$3000 for a computer that's slow in 6 months? The future is Sub $1000...once the public demands it, it can't be stopped. How long will it be until the public figures out MMX is a joke and a Pentium II-300 ain't worth the extra $800?
That's the paradigm shift...along with the idea that Intel can continue high margins...

Jim
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