INTC Message Board - Msg: 2459560

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Technology Stocks : INTC

INTC 38.16

+2.5%

Nov 7 9:30 AM EST

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To: Frodo Baxter who wrote (696)	10/16/1997 12:39:00 AM
From: jack wuo	of 990

Lawrence: agree with you. INTC will test next $70 support before any meaningful buy will happened. Basically INTC told us at least for Q4, there is not much growth for INTC,Q1/98 usually is a slow quarter, I think INTC told us do not expect much for next 8 months, which is honest and true, I do not think INTC try to talk down the stock then buy back at lower value. I am looking for buy back INTC next May, and I think $70 is a realisic entry point. Julis, where did you get info.about that INTC bought back stock at $100+ level? I think INTC is smarter than that. good luck

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