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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST

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To: Paul Engel who wrote (63743)9/1/1998 2:31:00 PM
From: Burt Masnick  Read Replies (1) of 186894
 
Paul, Current market lunacy aside, Intel's prospects appear to be looking up. Sales are trending up, nice products in the pipeline and the competition has *interesting* problems to surmount. At least that's how I see it. Probably no one will remember this week's speed bump out 2 years or so.

There is still the anti-trust suit lurking in the wings. Can't begin to predict where that will wind up. But Celeron A is gonna clean up, Xeon is a hit, and PII still has some cash-cow life in it.

Only problem for us shareholders now is the world mess. Asia will probably straighten up and fly right sooner or later because they have manufacturing capability and enough capacity to manufacture their way out of the abyss. Then they become a rich market again and the world economy rolls on. Russia is another story. 71 years of communist boneheadedness followed by a completely undisciplined (and corrupt)transition to free markets has led to today's essentially unsolvable mess. Russia can't be rescued because the only things it has of value are oil (pump it and sell it to the west) and gold (only so much of that in the fortress). They don't have anything approaching the commitment and capacity for quality mass production needed in the world to compete and they are now literally a third world country with nuclear weapons. When there was a communist USSR one commentator marveled "70 straight years of bad harvests". Now the commies want back in so they can impose their business model on the invalid. Might get Russia up to the standards of that industrial powerhouse, North Korea. Even Cuba has toyed with limited forms of free markets to try to lift the economy.

But world markets I really can't begin to predict. Intel, I have a shot.

Best regards,
Burt
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