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

To: amic who wrote (85611)	7/14/1999 6:52:00 AM
From: KeepItSimple	Read Replies (3) \| Respond to of 186894

> Who is surprised here that Q2 has been a tough one? Not anyone who follows the > company and the industry seriously. So you're saying that all of the professional analysts who predicted 53 cents dont follow the company or take the industry seriously? If they weren't surprised, why didnt they lower their estimates if they knew Q2 was going to be tough? Denial ain't just a river in Egypt, you know.

To: amic who wrote (85611)	7/14/1999 7:34:00 AM
From: John F. Dowd	Respond to of 186894

amic <They haven't figured out how exactly yet, but Intel's top management vision is that CPUs will only account for half on Intel's business in the mid term (2005 or so). Just look at the number of acquisitions they have made recently, and think about how much cash they have to buy further. Then just imagine they have the same success in these new businesses as they have in CPUs. I have no reason to doubt they will. And you are still wondering why we are bullish?> Actually it appears both you and they have figured it out and it is in the general area of where the cpu meets the phone line or communications interface whatever it maybe. Kind of where the rubber meets the road thing. On top of that there will be a huge market in smart cards with imbedded chips that do all manner of wonderful things that we don't see clearly right now. No great business ever amounted to much selling only to the high end. For instance where is Rolls Royce as compared to GM and Ford and as you said this industry is still in its infancy. JFD