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Technology Stocks : Intel Corporation (INTC)

INTC 36.38

-1.3%

Dec 22 3:59 PM EST

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To: Paul Engel who wrote (38420)	10/30/1997 1:51:00 PM
From: Jules B. Garfunkel	Read Replies (2) of 186894

Thanks Paul, So again I ask. If IBM is going to sell Intel's Merced based processors with maybe 23% margins on the sale, and Intel has margins of 58% + on the Merced chip sale to IBM, why has IBM outperformed INTC over the last 6 months???? I bought more IBM Puts this morning. Jules

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