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Technology Stocks : INTEL SUPPORT GROUP - the sky is falling!!!!
INTC 37.04-6.2%3:59 PM EST
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From: Ira Vine5/20/1996 1:33:00 AM
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I don't try to predict stocks six months out. My reasoningon Intel is that at a compund 15% growth rate earnings will double in 5 years; and so should the stock price. Whether the market recognizes this in two years or four doesn't matter to me. If you want my gut feeling; if the next earnings report is decent (and the market itself hasn't corrected) the stock will go up to new highs. Wall Street loves this company (always a top pick in the Barron's polls) and are only looking for a reason to believe.
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