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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 9:30 AM EST

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To: StockMan who wrote (37645)	10/26/1997 10:35:00 PM
From: Paul Fiondella	Read Replies (1) of 186894

Yen drops against $ --- Tokyo markets off in early Monday Asia trading Re---Profit margins and computer sales IDC says there was a 16% global sales rise in PC's in the 3rd QTR due to Japanese weakness. Sales rose 20% in the US. Market share shifted to those companies like CPQ that managed to get sub $1000 products out the door. Sales were lost by companies that failed to cut prices. The shift is on, the only question in my mind is how much of the Christmas season PC sales will go into the low end of the market where Intel can't be making much money. There will also be continuing pressure on the US market due to Asian companies trying to export their way out of the economic slide that interest rate rises and currency devaluations are bringing there. Intel delaying the US plant is a possible sign of companies shifting production abroad where it will now be cheaper to produce components and a cutting capital outlays overall since capacity is probably well ahead of demand globally now. ==================================== Intel got as low as 78 1/2 Friday. Is Fleckenstein about to get his 15 minutes of fame?

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