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

To: Mary Cluney who wrote (90179)	10/13/1999 3:57:00 PM
From: Robert Douglas	Read Replies (1) \| Respond to of 186894

Mary, Re: "Communications with the investment community is wacko. Let's fix it." I see a lot of comments like this on a variety of threads after drops in the stock price. I don't really believe that it is necessarily true. Let's suppose that 4 weeks ago Intel had alerted the analyst community that they were going to earn 55 cents this quarter. (Personally, I doubt they knew then, but let's say they did.) The analysts would have quickly adjusted their estimates and we would have had a big sell off, just like today's. It would have made little difference in the price of the stock. I don't believe Intel's credibility would be any greater. On the downside there would be a group here on this thread complaining that the big brokerage firms were using this information first and neglecting the little guy. I've seen those comments just as many times. Personally, I think it's the investment community that is wacko with its obsession with near-term results. I'm old enough to remember when quarterly earnings were hardly even noticed - something you read about the next day in the paper, if then. Would I like to see Intel trade at 50 times earnings? Yes and no. Yes, because I would feel smarter and richer. No, because I don't honestly think it's worth that and I might have to sell and find some other company to put a chunk of my money in. Not an Intel apologist, but not dissatisfied either. -Robert