INTEL SUPPORT GROUP - the sky is falling!!!! Message Board

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Technology Stocks : INTEL SUPPORT GROUP - the sky is falling!!!!

INTC 37.53

-5.0%

2:32 PM EST

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To: Stonehenge who wrote (74)	2/22/1997 10:25:00 AM
From: Jacob S. Rosenberg	of 248

I think that this is just simple profit taking. Here is my reasoning: The high for Intel was $165. Subtract 10 percent and you get $148.50. If you subtract 15 percent you get $140.25. So, this not out of the ordinary. Let's put it in perspective. Now, if it goes below $140 then that's a worry and perhaps you should sell. Other matters. The Cyrix "threat" is no threat at all. It's aimed at the low-end business only and the proice difference isn't that large. What about the "threat" from AMD? Jeff Jackson writes: "AMD is announcing production of its K6 chip, which is supposedly faster and more power efficient than the Pentium Pro, while selling at a 25% discount. This may have an impact on Intel's so-far tremendous earnings, thus inspiring a short-term selloff." Question: Can you buy their Pentium Pro replacement NOW? NO! In addition, look how much lead time Intel has had. Just consider. All their competitors had to do was to meet their engineering specs. That's all. Just look at Intel's lead! Yes, its true that Intel has gone up quickly and so some profit taking is to be expected. But I don't see why any of the above should lead to a major decline.

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