Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.81

+0.2%

Nov 25 3:59 PM EST

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To: Sonny McWilliams who wrote (53570)	4/16/1998 3:48:00 AM
From: Gersh Avery	Read Replies (3) of 186894

Sonny Re Joe Kernan; On Oct 28th, at the very lowest point of the day, Joe announced that Intel was doing a stock repurchase along with IBM. That announcement turned the market around. Intel shot up $10 per share from that point THAT DAY. The only problem was that the information he had been fed was false. Someone who wanted a quick Intel gain fed him a false rumor. For months after that he either would not or could not mention Intel in his reporting. And there were several times it was obvious that he was burning to. It's only been a couple of weeks that he has begun to say the word Intel again. I'm sure that he was quite pleased to be able to break this story. Gersh Everything I said above is derived purely from my observations and my own personal conclusions. I could be mistaken about any of several points.

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