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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: Paul Fiondella who wrote (38621)11/1/1997 5:37:00 PM
From: Lee Penick  Read Replies (2) of 186894
 
"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."

Paul,

Earlier, when Paul Engel said you shorted at 69, I thought he was just poking fun at you.

Now, based on your comments I wonder if it was true?

Did you short then?

Are you just trying to "talk" the stock down to cover?

What other motivation could/do you have to say the things you say?

I would like to better understand where you are coming from.

By the way, my perception is that Paul Engel and Jules have tremendous insight and a huge amount to offer the rest of us. If you you were successf in running either of them off, I don't think you would be making any friends or followers. The main reason I am here is to read their posts....now I'm offering you the oportunity to say what you stand for besides gloom and doom and possible covering a short sale.

Mary Cluney did a pretty good job of painting the big picture....the word is changing and Intel is out in front.

thank you

Lee

Filling out your profile might add a little credibility also.
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