Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.26

-0.7%

Feb 5 3:59 PM EST

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To: Bernard Newman who wrote (6976)	12/30/1996 5:31:00 PM
From: David M Gambs	of 186894

Robert, Bernie, et al; There was a report this morning about TANDY. They are taking a 100M+ write-off for Incredible Universe. Further, they are looking to close or unload Circuit City. There was also talk that they will try and unload Incredible Universe. This report, IMVHO, has validated the "Street's" view that PC sales are soft and therefore Intel is going to have problems. I believe this report is what caused problems for Intel today. I disagree with this pesimistic view, but those on the Street will use whatever they can to validate & re-enforce their views. Regards, dmg

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