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Technology Stocks : Intel Corporation (INTC)
INTC 34.72-2.3%3:59 PM EST

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To: Jim McMannis who wrote (74225)2/22/1999 9:23:00 AM
From: Mary Cluney  Read Replies (1) of 186894
 
Jim,>>>I don't know how many "very few" is but my point is that as a % of total income a Pentium III machine in China is very very high.<<<

As a %, very few Chinese will be buying a house, condo, co-op, vacation home, automobile (new or used), go on vaction where they need to fly or stay at a hotel, sending kids to private schools, pay tuition for college, buy designer clothing, and/or purchase a second or third car. As a % of total income, however, the Chinese family will spend a lot more of their income for a Pentium III than the average US home.

What is more important is that on a unit basis they will buy more PIII's than English, Italian, French, Dutch, or Irish citizens - and the differential will increase dramatically over time.

The gap between US and Chinese PC adoption rates for the home will narrower.

Any doubts?

Mary

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