Mohan Marette ,
Kurlack had me in MU on the way up, and short on the way down.
He said the INTC's rally in Jan and Feb was not sustainable.
He is saying that this one is not sustainable. I agree.
On INTC,
Why everyone thinks that the 400 and Xenon will stimulate revenue growth is beyond me. INTC has gone from the Pentimum 133 to the PII333 with no revenue growth.
I still believe that intc is the bellweather for the PC industry, and I see no reason for their situation to change.
I see their problems, and the problems of every other periferial maker from DRAMs to HDD's, to spread to the box makers.
No wait, It is already spreading, CPQ is now suffering from the same problems that INTC, DRAM's and HDD's are suffering. In the investment comunity is is just an inventory problem. In the real world, it is an over capacity problem.
The numbers are on my side.
The manical invesings comunity is on yours.
Eventualy, the numbers that I and Tom Kurlack see will prevail. DELL may go to $100 first, That I don't know.
Jim |
