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Technology Stocks : Intel Corporation (INTC)
INTC 39.42-3.3%3:04 PM EST

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To: Gary Ng who wrote (14239)3/15/1997 7:16:00 PM
From: Frank Ellis Morris   of 186894
 
I do not know why you lost money in the first four years of your ten year history of trading but I think you will do very well with the next ten, expecially if you hold on to Intel for that period. Competition is a paranoia that both Intel and Microsoft needs to thrive upon. I was earlier enjoying reading the post of Fred Fahmy and I feel as he does that Intel will materialize a long term goal of wealth producing for its shareholders. Intel has the fortitude, innnovation, clout, brilliant leadership and revenue to make this happen.

We may see some more downward pressure next week as today the worlds' second richest man,Warren Buffett said, "stock are too high, don't buy anything" I suppose he figured that if Alan Greespan can make the market go down, then so can he. I wonder what he is selling short? I do not know if you view Wall Street Week but a peculiar thing seems to happen when Louis Rukeyser goes on vacation as he will be for the next two weeks. It is a weird phenomenon but I guess we will have to ride out some more downward pressure.

You may also be interested in a story written by Jennifer westhoven for Yahoo News. The headline reads Microsoft, Intel Mysteriously Rejigged Dow. In essence Intel and Microsoft should be apart of the new Dow thirty stocks

Good fortune to you with Intel

Best Regards

Frank
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