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

To: Road Walker who wrote (90765)	10/21/1999 6:06:00 PM
From: Harry Landsiedel	Read Replies (2) \| Respond to of 186894

John Fowler. Re: "...shouldn't IBM have had visibility of their weakness many months ago?" Very good point! Nobody else has mentioned this. Remember 1Q? IBM booked bigger profits in 1Q and my guess is that they KNEW at the time that they were borrowing mainframe sales from later in the year. They CHOSE not to tell the investment community about it. Think about it. They KNEW what industries those better orders were coming from, and they had access to the company's IT plans for 1999. Then in April or May, Gerstner hyped the stock AGAIN with his e-commerce presentation. Inexcuseable in my opinion, when he KNEW what was around the corner. My guess is that they took a big chance that something would come along and bail them out. When it did not appear, they ended up with egg on their face, big time. The only thing the IBM news does is give the cassandras like Dan Niles the opening to drive the market down. I am surprised Intel ended up, but could the market be finally catching on? Nah! Re: " I wonder what will happen to all those Y2K fix budget dollars? Another great point! (Your on a roll) I've been saying to myself that a whole bunch of money will be a) spent on new infrastructure/e-commerce projects or b) appear on the bottom line next year. Either way it's good for Intel or the stock market. HL