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

To: GVTucker who wrote (144956)	10/9/2001 12:47:41 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 186894

GV, who else have they gone after? <EOM>

To: GVTucker who wrote (144956)	10/9/2001 12:50:18 PM
From: Jim McMannis	Respond to of 186894

Just the tip of the iceberg...as no one wants to take responsibility for their own actions...so the Lawyers go for the deep pockets. Just think if the Lawyers go after the covey of financial planners and brokerage advisors who constantly told people to buy for the long term, buy the dips, stocks always go up over time etc... Jim

To: GVTucker who wrote (144956)	10/9/2001 12:52:57 PM
From: wanna_bmw	Respond to of 186894

GVTucker, Re: "The complaint charges Intel with violations of the Securities Exchange Act of 1934. The complaint alleges that as a result of Intel's extraordinarily bullish statements and assurances during 7/00-8/00, on 8/28/00, Intel's stock hit its all-time high of $75-13/16. But the positive statements about the strong demand for Intel's products, Intel's improved manufacturing processes and efficiencies, the successful development and introduction of its Pentium III microprocessor, the successful development of the Pentium IV, Itanium and Timna chips and the outlook for Intel's 3rdQ 00 results, issued from 7/18-19/00 through the Intel Developer Forum, were false. On 9/29/00, Intel admitted it was canceling its Timna chip (due to technical development problems and a lack of market demand) and told customers it was delaying shipment of its Pentium IV and Itanium chips due to design and development problems. Intel's stock dropped, falling to as low as $35-3/8. Thus, in just over five weeks, Intel's stock dropped from its all-time high of $75-13/16 on 8/28, to its lowest price in years, $35-3/8, a market cap loss of $271 billion, wiping out 50% of Intel's stock value." ROFLMAO. Sure, investor fears of a falling economy, the fall of the .com's, the Nasdaq crash, and faltering market demand had nothing to do with it. They may want to consider filing additional suits to HWP, CPQ, CSCO, SUNW, GTW, and let's not forget AMD. Oh, well, at least this will give Intel's lawyers some easy target practice, to prepare them for more serious suits. wanna_bmw