Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 36.04

+4.5%

1:24 PM EST

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To: Sonki who wrote (18862)	4/5/1998 3:28:00 PM
From: dougjn	Read Replies (1) of 27012

Sonki. My feeling on Mo is that it all depends upon the degree of liability protection. The tax hike on cigarettes (however it is done) really doesn't matter that much. Addicts will get their fix. The point of the rise is to slow down the creation of new addicts. Which might just work. Hope so. Which tends to make the US cigarette business a wasting asset. But a slowly wasting one with good overseas growth. Profits do not necessarily go down. One of the things which higher prices and restrictions on advertising does is to tend to fix the current band positions. Which helps MO most of all. What really hurts the stocks is the fear mass tort litigation will someday be successful. Which could kill the stocks in ways that a planned for tax would not. Its also the unknowable. The argument for the cig cos is that the decrease in uncertainty would through multiple recovery more than make up any decrease in profits. Which might not be that big anyway. Until the demographics start to take effect. So good pop, anyway. If the tort protection is lousy, no pop. Doug

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