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

To: John Koligman who wrote (123646)	12/22/2000 4:06:37 PM
From: Saturn V	Respond to of 186894

Ref < ..."...I knew many 'oldtimers' from the days of 'IBM is a lifetime job' that had all their retirement cash in IBM stock. Well guess what, they were asked to leave their jobs at the same time IBM stock hit a split adjusted $10/share in 1993. Double whammy " > The pain of IBM employees was probably greater, because as IBM collapsed, so did the price of their houses, since towns like East Fishkill were all IBM towns. The employees had to leave town to find work and got hit with one more whammy, the equity in the house had vaporized as well, or the house had no buyers. In Silicon Valley the housing prices are OK so far, and most Intel and Sun employees are still have a huge cushion of real estate appreciation. However the margin call induced pain, being sudden and unexpected, feels more severe. I still vividly remember the pain I suffered in 1986, during such a margin call on my options, and most of my stock equity was wiped out.