Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.78

+0.7%

Dec 10 3:59 PM EST

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To: Paul Engel who wrote (50069)	3/7/1998 4:17:00 PM
From: Thomas M.	Read Replies (1) of 186894

Based on what you said here, #reply-3635108 , it seems you still don't understand what's going on in the PC industry. The top in the tech cycle that began in 1990 occurred in 1995. The industry has been eroding ever since, although many of the best companies, like INTC, have held on. Now, even the big dogs are slipping. This is what's happening, and this is what Fleckenstein has been talking about. Specifically on INTC, he said a year ago that estimates were way too optimistic, and would not be met. He was right. Just because the stock ignored the fundamentals and went higher doesn't change the fact that he was right. Regardless, he made a ton of money last year. BTW, I didn't call him a genius. Why did you inject that? Tom

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