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

To: Tony Viola who wrote (96932)	1/20/2000 4:50:00 PM
From: Burt Masnick	Read Replies (1) \| Respond to of 186894

Merill Lynch has been doing some strange sniveling about PC chips. Does this mean that: 1) Osha knows something 2) Osha is trying to make a name for himself as an "axe" 3) Osha is predicting ala Kurlak (eg Kurlak opined that going from .35 to .25 means there must be a chip glut coming - wrong, but sounds so reasonable and informed.) My vote is for 2 and 3, but time will tell.

To: Tony Viola who wrote (96932)	1/20/2000 4:57:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 186894

Tony, I really think that the Transmeta story and AMD's earnings hit INTC yesterday and continued today. I use the chart to decide when to buy and sell and yesterday sold out when INTC looked like it wasn't going to hold out above 100 1/2. A trip back above that level would get me back in, as would a bounce around the 89 1/2 mark. Taking a 3 month & longer view I am very bullish on INTC and I can't believe how overvalued AMD is ! The post from Burt that Tench picked up on is spot on. It was a number of bad breaks for Intel (that weren't actually that bad). Similarly, AMD made a profit purely from Intel being unable to satisfy the huge demand for a product that Intel invented. Now that Intel has ramped, the Athlon profits are history. I think a long INTC position combined with a short AMD position is a good bet and a good hedge against a market meltdown. Of course you would have to factor in any potential AMD profits from comms and flash but I reckon the MP losses will more than wipe them out considering Athlon investment costs.