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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (79662)	4/15/2000 7:38:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

joan, an island of sanity appears stupid to a sea of ignorance. the article stating that all the old rules (buy dips, buy b4 economic reports, buy splits, etc) is right on. we've said for ages that this kind of mindless gambling works until it doesn't. lots of folks are broke in one week after 5 years of blistering markets. rmbs is toast. problem is, the ignorati thinks the toast is cake. they'll have to taste it a few times b4 realizing the err in their ways.

To: Joan Osland Graffius who wrote (79662)	4/15/2000 8:02:00 PM
From: Zeev Hed	Respond to of 132070

Joan, it is not a question of "stupidity" or not, it is a question of INTC achieving their strategic goals, making sure that for the foreseeable future, nothing in the systems (those having their CPU's) is so slow that having higher performance CPU's will not be practical. Memory speed was starting to impede this philosophy and they determined that the RMBS approach is the one that can carry them, I would guess to a least the 2.6 GHz. If they are right, then RMBS technology, just in the dram market may become as ubiquitous (so does the bull case goes) as SDRAM are today. These assumptions gets you roughly to earnings per share of $2 plus next year, $5 in 2002 and possibly $10 in 2003 (that last number assumes only $30 B of end products bearing 1.5% royalties, and it is believed these royalties may reach in some instances as high as 5%), and some bulls claim much more. Under the right market conditions (valuations and liquidity), for rapid growth, one can see paying about $100/share if you can see growth of that magnitude (and it is supposed to continue further, albeit, at a slower rate in future years) in the near future. Of course, some bears have declared RMBS DOA, and if it is, then $20 is quite rich. Zeev