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Technology Stocks : Intel Corporation (INTC)
INTC 40.12+9.1%12:38 PM EST
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To: kapkan4u who wrote (81596)5/26/1999 12:50:00 AM
From: Scumbria  Read Replies (1) of 186894
 
Kap,

I sold a ton of INTC last week at an average of $59 after holding it for 12 years. I will start buying back in the low $30, unless ASPs break down through $170 by the Q3. In that case there is no bottom to this stock.

Don't you think that Xeon/server sales provide a pretty good buffer to counter the plummeting desktop margins? I have a hard time seeing it get below $40.

Scumbria
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