Gene, >>>Mary, TK may be a manipulator, but As a long term investor wishing to hold and buy more, I'm having problems with some of the data.....<<< Blah, blah, blah.....What you say is true - so what?
As I have said before:
PC growth in 1995 and 1996 was the beneficiary of an unusal confluence of the tremendous success of MSFT's Windows 95 and the totally unexpected growth of the Internet. 1995 and 1996 saw unusually strong growth that could not be sustained year over year.
Sales 1H 98 was down because of totally unexpected explosion of the sub $1k pc market, the unusually stupid and greedy actions of Compaq in stuffing the channels in the 4Q 97, and then the Asian turmoil.
Although you can't really predict these bumps and dips, you can't be surprised when they occur. The long term trend in my opinion, however, and probably in almost everybody elses opinion - is up - only we don't know how high is up. That is the bet (or investment) that we are making.
Intel is executing as wonderfully as any investor can expect. They are in the sweet spot of a product transition. They have an elegant road map for the future. They are financially sound. They are taking care of the competition and taking care of business, in general, as few companies ever on earth.
The key to this whole investment deal is valuation. When compared to the other companies in the S&P and all the other companies in the Nasdaq - Intel is cheap.
The reason for that is very clear. It is largely due to Tom Kurlak's persistent doings. It is a real credit to Tom Kurlak that he has put himself in a position to do this - however, there must be some more useful and more legitimate ways this guy could and should earn his living.
Mary
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