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Technology Stocks : Intel Corporation (INTC)
INTC 43.48+8.6%3:59 PM EST

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To: Jim McMannis who wrote (45814)1/16/1998 3:27:00 PM
From: miraje  Read Replies (2) of 186894
 
<<All this says to me is that Intel is losing control of the market and price is becoming more and more the determinate factor...which is the way markets are supposed to work...>>

Jim,

I beg to differ. Intel controls the market and pricing. Their 80% plus market share and huge cash reservior allows them to manipulate AMD and Cyrix/NSM any way they want. Supporters of Intels competitors go on and on about "my chip is better than yours" and miss the point about these companies as investments. As Paul Engle has consistently pointed out, Intel makes big money every quarter while AMD and Cyrix struggle to break even. Intel is the big gorilla and could pound these competitors into the ground if it wanted to. The point is, Intel needs them to flounder around as token competition to keep the feds at bay. They won't prosper and they won't die. They do make good products but I doubt they'll make you much money going long their stocks. Fuchi knows this and that's why he continually urges everyone to complain to the regulators.

Regards, JB
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