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Technology Stocks : INTC
INTC 41.03-0.8%12:01 PM EDT

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To: Barry Grossman who wrote (910)10/17/1998 1:52:00 PM
From: Jules B. Garfunkel   of 990
 
Barry,
I know"misery loves company", but somehow it doesn't make me feel any better that you lost also. Sorry!
This is what I wrote Paul E. earlier today.

Based on Intel's surprise 14% increase in Q3 revenues, their positive but conservative conference call, and what the OEM box maker's stocks are doing (who sell Intel's products) , I thought INTC's price per share should be a lot higher. Afterall, if the Fourth Quarter and beyond is uncertain, or "slightly" up, because of Global instability, then certainly it is going to affect all International manufacturers. Why has the Street singled out Intel, while IBM, DELL, and others are close to, or making new highs? Aren't these companies dependent on the continued strong demand for, and selling of, Intel PCs, workstations and servers?
Regards,
Jules
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