GW,
I agree that INTC is a great buy. There is very very strong support at $70 also. The future still looks very bright for INTC. Although it may seem that INTC is seem a down right now, it will comeback up to at least $85 or more by the end of Feb. in my opinion.
For example,big companies, people always purchase the best top of the system. Do you want to buy an obselete system???
Not me!!! The Internet is growing faster and faster, DVD is coming out which requires lots of processor power to run. A slow processor will slow all other applications down. You can't multi-task much with a slow PC (it is like wait and wait). Believe me when these applications are out they are memory and processor time hogs. That is why I think people will buy new faster PCs like 300MHz. AMD and CYRX are good for computer games. Buying a cheap $1000 pc means buying another one or more expensive one in the future. Hey, buying the fastest one is like buying time also.
With the faster computer, computations, compilation of computer codes, CAD application runs alot faster making it even more productive.
Well that is my view as an engineer.
Also, the PDA (pocker organizers) are hot nowadays. I can't even get this mini-computer from HP at CompUSA (CPU). Another market emerging.
After reading lots of trade magazines and reports, the INTC price down seems nothing more than an analysis commission play.
INTC is here is stay and innovate.
That is my opioion, what do you think?
Willie
>> INTC is a great buy while the market is overly negative and before it rebound in February next year. |
