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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: Lee Penick who wrote (40630)	11/19/1997 1:37:00 PM
From: Tony Viola	Read Replies (1) of 186894

Lee, re : "yet IBM beat Jerry to the layoff list, and the turkeys get rewarded with a jump in their share price. I think Jules deserves to get rewarded and redeemed for his call on this one. What kind of good company lays off people in a fast growing industry?" This is the new IBM. In the old days, IBM never laid off anybody, even "deadwood". They'd just ship them off to their Montana division in January. Now, they are quick to downsize in a business unit that is not cutting it. Hey, it's business and they owe it to their stockholders. Re Jules' IBM puts...nothing but guts (or something else). IBM has the world's best computer development and manufacturing capability, and the world's best semiconductor development and manufacturing capability...witness their record of first to 0.25 micron technology, first to 0.18 and first to copper interconnected ICs. Betting against IBM is like betting against the U.S. of A. Tony

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