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

To: Road Walker who wrote (133186)	4/23/2001 10:54:13 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

John, RE: Just commenting on the flow of money. A big oil supporting Texan get's elected, and enacts a tax cut. Most of the tax savings will not go to discretionary spending, but will go directly to the bottom lines of the oil companies, because of a rise in gasoline prices. Not much incentive to conserve because the additional money will be there from the tax cut. I wasn't saying all this was done by design, only that a paranoid or skeptic could perceive a relationship. Did you note Exxon's earnings this morning? Gasoline is a very healthy business these days, probably better than semiconductors. Funny how when the oil companies show a decent increase in profits for the first time in a while, it somehow gets perceived as a bad thing by many. Note that Exxon's profits declined sequentially, and the year over year growth pales in comparison to even the poorest of the high tech companies when the boom was still in place in Silicon Valley. When semiconductors was a healthy business and gasoline was not, a whole heck of a lot more funds flow went in that direction compared with the opposite direction now.