Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 37.83

-4.2%

3:42 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (46731)	1/30/1998 2:33:00 AM
From: Paul Engel	Read Replies (1) of 186894

Jim - Re: "certain boxmakers are using Cyrix as leverage against Intel at the low end." Most likely this is true, but I doubt that it applies to Packard Bell. In late 1995, Packard Bell did not have the money to pay Intel $400,000,000 that they owed. The CEO of Packard Bell made a call to Andy Grove and Grove and Intel bent over backwards - at some major impact to Intel - to convert the debt to a loan. This prevented PB from going under - literally. Intel could have closed them down, called a press conference, leaked out stories - the usual Belt-way/Compaq method of getting what they wanted. Instead, Intel stood behind their customer (PB) who had a bad quarter. Now why would Packard Bell want to stick it to Intel just because a cheap floozy named Cyrix is out prostituting itself with marginally performing chips being sold at fire sale prices? Is this the way to run a business? Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next