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Technology Stocks : Intel Corporation (INTC)
INTC 35.91+4.1%11:16 AM EST

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To: Paul Engel who wrote (81080)5/18/1999 8:12:00 AM
From: GVTucker  Read Replies (3) of 186894
 
Paul, RE:<<That confirms - more or less - my theory that Pfeiffer was fired for lying to his own Board Of Directors as well as the public regarding the PC market conditions !>>

Don't discount that there is an element of fact to Pfeiffer's comments, exaggerated as they were. HWP reported that PC revenue growth was indeed strong, but this growth was concentrated in the Home PC market. Commercial desktops did not grow at all. HWP perversely benefited from its low penetration in the commercial area; the flat growth didn't affect the top line too much. Other companies that have greater exposure to the commercial desktop may be vulnerable. DELL's numbers this afternoon take on much greater importance.
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