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

To: wanna_bmw who wrote (153366)	12/31/2001 12:53:08 PM
From: GVTucker	Read Replies (3) \| Respond to of 186894

Intel's largest field, that of microprocessors, is still experiencing high demand. While sales are down from one year ago, uncommon corrections in various markets do happen, and it shouldn't be assumed that it will create a trend. The fourth quarter demand has been much higher than previously expected, so much so that Intel has risen estimates past the high end of their expectations. The fourth quarter turned out being stronger for everybody. Who's to say that demand won't flourish further next year? Intel's future actually looks very good. They are on time in getting their manufacturing facilities online to provide them .13u and 300mm wafer capabilities. They have a potential competitive advantage with Northwood, as Thoroughbred has already been confirmed as a simple shrink of Palomino. 4th quarter demand is good, and ASPs seem to be recovering. Intel is also planning the launch of a number of new products over the next year, including the next generation Itanium and Xeon processors. This is why my argument was that to fall to less than half of its current value would require that Intel have some excessively bad news. FUD from you and Kalkan or Bambs is not going to turn the stock. While Bambs at least has some good arguments to back up his/her assertion, you don't. You're simply riding the same chain of FUD you've had on Intel for years now - and you've been wrong far more than you've been right. There are a number of potential positives on the horizon for Intel. But all of the positives that you mention are pretty well known. I'd argue that most of them are already discounted in the current price of the stock. I don't think that a 50% drop in price is a high probability event for Intel, either, but it wouldn't take "excessively bad news" for such a drop to happen. If Intel were to lose money for a couple of quarters in a row next year (which you stated would be required to see a $15 stock price), then Intel would be in single digits.