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Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST
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To: john o who wrote (38573)11/1/1997 5:10:00 PM
From: Paul Fiondella  Read Replies (2) of 186894
 
Yes John I mistyped, please reread as 166MMX not 133MMX in my post

Thanks for the correction.

And of course you are right. The market will move the Pentium 200MMX down into the sub $1000 area.

One thing to watch for is how fast this happens and over how long a period this price pressure continues.

Intel's inability to control pricing is now perfectly evident.

If they are faced with these cheap low end systems for the forseeable future then I expect (a)downward revisions in 1998 expected earnings (b) a potential Intel preannounce like the one that moved the stock down 20 to 30 points earlier this year.

Its not a pretty picture.
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