Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 39.37

+6.7%

3:59 PM EST

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To: Lee Penick who wrote (38944)	11/5/1997 11:20:00 PM
From: mister topes	Read Replies (2) of 186894

I do not have any Intel to sell to you. I sold my entire position at $93 due to concerns that Intel would sell off sharply on realizations that 1998 earnings growth could be microscopic and fears that move toward under $1000 PC pricepoint would pressure Intel margins. So far both fears are being realized. However, I am considering repurchasing some Intel if I see some relative strength. But so far it is just relentless relative weakness in Intel shares as sellers continue to hold the power. Also, tons of shares are held by clueless individual investors who would not know a Pentium II chip if it showed up in their cereal. By the way, I am not optimistic about this December quarter either. Stock still rich at 19X '98 EPS.

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