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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (85318)	7/12/1999 12:20:00 PM
From: Charles R	Read Replies (4) \| Respond to of 186894

"Going long on AMD and Short on Intel was unwise in the extreme." I like your use of the "was". Couple of years back I had friends at Intel who were negative about Intel and at least one of whom went seriously short Intel and long AMD at K6 introduction. And, boy, wasn't he sorry. The positive ones at Intel, at that time, were pretty sure that PII would pull it off and stuck to Intel and were richly rewarded. Now, there ain't anything that Intel watchers (or insiders) see to counter AMD on K7 - especially after the Coppermine fumble. The giant is walking very gingerly into this Christmas season hoping for continued fumbles from AMD - that ain't a winner's strategy in my book. Speaking for myself, current INTC short is well worth the risk. Yes, I could lose but I think the odds are in my favor. If I were to have a loss I would write it off against the profits on Intel over the years and wouldn't even flinch.

To: Paul Engel who wrote (85318)	7/12/1999 1:40:00 PM
From: Nevin S.	Read Replies (1) \| Respond to of 186894

Upgrade from CSFB based on Softcom acquisition: July 8, 1999 - 7:18am Credit Suisse First Boston Corporation Back to Search Results CSFB Tech Daily Thursday, July 8, 1999 www.tech.csfb.com CTN 274.11 -0.60 -0.22% Intel Corp. (INTC-$64 3/8-Cap $214B-Buy) Charlie Glavin Softcom Acquisition Provides Big Boost for Intel FY99E: $2.25: FY00E: $2.55 * INTC stepped up its acquisition activity with what we believe is the very attractive purchase of Softcom Microsystems, a private network processor chipmaker, in a non-disclosed, all-cash transaction. * Neither a fabric nor a framer, Softcom's products sit between the two, attempting to put operations that were typically done in software, into hardware. The current platform, the Gigablade, can support multiple gigabit speed interfaces, such as SONET and ATM. * Target customers include Gigabit Ethernet switching and carrier access platform vendors (especially in the broadband space), server/Storage Area Networking vendors and very high- end, backbone router vendors. Targeted first tier customers include Cisco, Lucent and Nortel. * A relatively new market, we estimate that this market could exceed $750 million by 2002. * We view this acquisition positively, in that it provides INTC with greater Layer 2/3 (and above) expertise, complementing the Layer 1 capabilities that Level One brings to the table and that it further affirms Intel's move into the higher-growth, communications IC market. * In a separate announcement, the proxy for the Level One and Intel transaction was released, with LEVL's shareholder's vote scheduled for August 8th.