INTC Message Board - Msg: 7224710

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Technology Stocks : INTC

INTC 41.06

-0.7%

11:45 AM EDT

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To: j g cordes who wrote (921)	1/11/1999 8:17:00 PM
From: Jules B. Garfunkel	Read Replies (1) of 990

Hi Jim, Well 98 was an expensive year for me. It cost me most of my profits from my other stocks to cover my IBM short Calls. (Of course that was before INTC's recent run up which has now more than offset the IBM loss). I still have IBM Puts, but I no longer have the Short exposure that I once did. One of these days someone is going to look at IBM's poor revenue growth and take the stock down. Unfortunately, when that happens, I won't be able to profit as much as I once would have. I must hand it to Gerstner though,...he has mesmerized the Street, and it bought him time. A lesson that the Internet Co. CEOs seem to have also learned. Best Regards and a prosperous New Year to all, Jules

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