Yaacov - Re: "For the past 12 months money invested in INTC has represnted dead capital!"
Dead capital dries up and goes away.
Despite renewed competitive threats, turmoil in S.E. Asia, intermittent trouble in Europe, and fluctuating revenues and profits, Intel has held its value over the past 12 months.
Periodically, it has done exceptionally well but the fluctuations in market conditions have reversed these trends.
You could have done worse by investing in GOLD!
As for the past and future:
Intel has seen a renewed challenge from AMD and Cyrix starting early last year. Intel has countered this, as they have done historically, by introducing new technology and transitioning the market to this new, PROPRIETARY TECHNOLOGY. In this case, it is the Pentium II/Slot 1 and Intel is about 51% through this transition.
By the end of this year, Intel will be selling 97% of their product as Slot 1 or Slot 2 or Mobile Pentium and Pentium II devices all of which will have no direct Socket-compatible competition. By the end of this year, if market conditions remain favorable , Intel's revenue and profits will begin showing healthy growth.
As for Kurlak - he separates the traders from the investors, and he separates people from their money - which is his ultimate goal.
Intel has grown for 30 years without Kurlak - and my bet is they will grow another 30 years without Kurlak. He is but a leach on the backs of investors and corporations, sucking whatever blood and money the foolish and scared traders will allow him to.
Look at Intel's history - it is marked by periods of flatness interspersed with surges in growth and profitability. We are in the later stages of such a flat period now. The end of 1998 will see a resurgence in growth and profitability.
Paul |
