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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: Thomas M. who wrote (50091)	3/7/1998 8:28:00 PM
From: Paul Engel	Read Replies (2) of 186894

Thomas - Re: " The top in the tech cycle that began in 1990 occurred in 1995. " You're making that one up! By what measure? Intel's quarterly revenue hit an ALL TIME MAXIMUM in Q4 of 1997 - just a few months ago. Intel's CPU volume hit an all time high in Q4 of 1997. Intel's CPU volume translates into a PC industry SHIPMENT volume record in Q4 of last year. Dell's revenue, earnings and shipments hit an all time high one month ago. Compaq's recent quarters were its highest in its history. HP has reported record PC shipments in the past two quarters running. And you said the Tech Cycle peaked years ago? What Tech Cycle - is that Fleckenstein's 2 -wheeler that he drives to work after being short Intel for 3+ years? Note that 3 years ago, Intel was selling at $18 to $30 - the time frame when Fleckenstein said he began to short Intel. Even by today's level of Intel, he has LOST AT LEAST $46 PER SHARE OF HIS CUSTOMER'S MONEY. I'm sure he wasn't stupid enough to bet his OWN MONEY! You've been swallowing too much of Fleckenstein's swill - you've begun to believe him! Paul

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