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Technology Stocks : Intel Corporation (INTC)

INTC 43.80

+0.7%

3:39 PM EST

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To: Paul Engel who wrote (43790)	1/4/1998 2:01:00 AM
From: Barry Grossman	Read Replies (3) of 186894

Paul, Re: irrational panic First of all DO NOT FORGET that "Greenspan said a debate on the issue was hampered by faulty price measures and lacked clarity" And also , "...'uncertainties surrounding the accuracy of our measured price indexes" But the important thing for 1998 is, IMO, "...as producers in the battered region are expected to unload a glut of cheapened goods bringing down global prices. " Also, "...not inclined to raise interest rates" and, "...there is even a possibility of an easing." A possible scenario: a glut of cheapened goods means increased pc volumes because of lower pc prices increased pc volumes = expansion of size of total market increased pc volumes = more profit for INTC & MSFT increased pc volumes = more growth faster rather than slower increased pc volumes = increased worldwide productivity increased worldwide productivity = increased worldwide standards of living = very, very good for worldwide stability increased standards of living = increased chance of long term world-wide ecomomic boom Just an old optimists view. Anybody have a problem with this? I'm ready to hear it. Barry

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