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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (36135)	11/13/1998 12:29:00 PM
From: Mary Cluney	Read Replies (3) of 132070

Skeeter Bug, >>> what happened to the trend is your friend group? <<< You can't always believe what you find in your fortune cookie. You sometimes have to take it with a grain of soy. Intel is one of the great growth stories in business history - reaching $25B in the fastest time of any company ever. They had a tremendous year in 1996 right after Microsoft came out with Windows 95 and the Internet just exploded. Couple this with Far East meltdown and the tremendous greed on the part of Eckhardt Pfeiffer who stuffed the channels with an enormous amount of inventory that couldn't be sold the following Christmas season (because the growth of the previous year was maybe a once in a lift time type of thing and was unlikely to be repeated) Intel had following a couple of disastrous quarters only in comparison to growth rate. They still achieved net income of over $1B in each of those disastrous quarters. The "trend" last quarter and the next quarter is definitely up. Take a look at the stock price - it has some correlation - and it may forecast some things to come. My fortune cookie read "don't fight the tape". Regards, Mary

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