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Technology Stocks : Intel Corporation (INTC)

INTC 35.81

+0.2%

Nov 25 3:59 PM EST

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To: Dwight E. Karlsen who wrote (45384)	1/13/1998 11:30:00 PM
From: Steve Porter	Read Replies (1) of 186894

Dwight, These analysts are just completely clueless when it comes to techs. Techs are perhaps the most fluid of any of the major industry groups (other than maybe utilities, but I still say techs). The problem is techs (or people buying technical gadgets) are completely optional. You need heat and light.. but you don't NEED a new computer (unless you have a 486-25sx or earlier ;-) ). The analysts just can't change and adapt fast enough. Most of them were trained in the old school markets, before the advent of modern style high-tech firms. They are incapable of dealing with short product life-cycles, correctly estimating inventory build-ups etc. Face it.. unless you concentrate on tech and ONLY tech, you will never be in a good position to comment on it.. and most of the analysts have their hands in so many pots they can't keep track. Steve Cyrix/NSM Rule!

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