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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST

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To: Muthusamy SELVARAJU who wrote (5724)11/24/1996 4:01:00 PM
From: Barry Grossman   of 186894
 
The world is very conservative. It doesn't want to give up something it likes until something so much better comes along that makes continuing use of the old paradigm seem ridiculous. At that point, the new paradigm takes precedence.

Intel appears to me to be a company that is well aware of the potential paradigm shift you describe. Their continued backward compatability policy will not end until the old technology is rendered useless because of the adoption of the new technology.

In my wildest imagination, I can't imagine a scenario 15-20 years from now where we are not operating with systems so much more complex that they still require backward compatability to the distant past of 1996 and earlier. Along the way to that time frame, Intel will continue to offer the most useful technology to to largest number and if that means "hindrance" to some, because of continued backward compatability, then so be it. I, for one, am quite pleased, and frankly very surprised to see the speed at which this amazing technology has taken hold and continues to do so.

I have been both an acute observer and participant in business since 1965. Prior to that, I never gave business a thought. My concern was technology. Technologically speaking, I've seen a lot of product introductions along the way to 1996, and I know I haven't seen ANYTHING yet! There has never been such a time as we are now in in my memory. This is an historically important transition period we are now in. The future we will live in will be so different from the past of our memory that our children and grandchildren will refer to these times as "the old times."

I believe that Intel is, and will continue to be, at the forefront of that sea change in our society.

Stay long.

Regards,

Barry
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