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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: Robin who wrote (8575)	1/15/1997 11:53:00 PM
From: Paul Engel	of 186894

Robin - Re:"...Drew Peck Of Cowen downgraded intel, if it is correct I really like to know your opinions as why he did it," Drew ran into one of Intel's attorneys in superior court and discovered Intel was about to file for bankruptcy protection - since they lost so much money this past year. In fact, that same attorney had to borrow cab fare home from Drew since Intel couldn't afford to pay him for his travel expenses. Besides, Intel's limousines have all been reposessed by their bank. Thus, Drew figured it was probably a good time to downgrade Intel. Paul

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