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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: margaret tasset who wrote (24122)	7/29/1999 12:58:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Good afternoon Margaret. Thanks for the article on Intel. Intel IS doing great in this market. A good article in the "Heard on the Street" column in the WSJ seems to be helping. And then there was this upgrade the other day from a former bear on Intel, Drew Peck. I believe it was him who moved the target price for Intel to 80 by the end of the year. The market itself is behaving very badly. As far as I am concerned all this stuff is overdone and will not get me out of my stocks for that particular reason. Some of the data today is a bit higher (like employment costs and lower unemployment filings) but some of the other data is lower like slowing of the economy. Some analysts are yakking about the low inventory which could mean more buying in the next qtr. It must not occur to them that new technology helps businesses keep less inventory on hand. Of course, my worry is that there will be MORE buildup of inventory before the end of the year because of Y2K fears. This may be looked at as inflationary which it would not be of course. Just more buying in case of some little "snafu's". Of course this is just guessing on my part and may never happen. I am more worried about this trade deficit and now we have this "wonderful" fast track to China approved again. Um, um. One thing I do want to do though is reduce my margin a bit. I just can't make up my mind what to sell. CPQ seems to have done better with their earnings. 1 cent less loss than expected. But this orig. loss of 11 cents was a crap shoot anyway. Hard to fig. this thing out now. This new inside CEO will have its hands full. I still owe you a PM. BTW, I was not able to get on SI this morning. There was an apology printed. Don't work too hard and congrats all around. Sonny