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

To: GVTucker who wrote (153447)	1/2/2002 10:39:46 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

GVTucker, <<<That's why it would be some unknown entrepreneur that would invent it and not someone at Applied Materials. >>> Some of the best minds (probably also Ale enhanced, but not Bass)in the world tried this once before, but failed. Miraculous transformations have been coveted since medieval days, but usually doesn't work. That is why laboratories at IBM, Xerox, Bell, Lucent, et al never turn out anything worthwhile. They are overly ambitious. You can't turn base metal into gold. They never learn. That is why bubbles occur and they burst. Getting back to topic, when the tech bubble burst, the baby will go out with the bath water. Intel gets trashed the same as the dotcoms, lucent, KMart, WalMart, Dell, and Montgomery Ward. In order to make money, investors will have to separate the wheat from the chaff. Walmart is not really a technology company, but they use technology to manage their inventory and supply chain better than KMart. Montgomery Ward and their catalogue went out of business because they could't manage the inventory and deliver the product efficiently. Dell came up with just in time inventory (executed very well from a cash flow perspective - not customer servicewise) and a primative computer system (executed moderately well)and sold a terrific story to Wall Street. But, basically they are a modern day Montgomery Ward Catalogue business as they branch out to sell electronic gismos without adding any value to the products they sell. Lucent is a lot of Bell Lab types doing what Bell Lab types do, and management are a bunch of sales types doing what sales types do. I don't think they talk to each other in a way that can be understood by the two very different cultures. But Intel are real tech people, producing tech products that tech people can put to use. Their technology is at the center of the technology universe. That is why they deserve a higher valuation. That is why after the bubble burst, and the smoke clears, Intel is likely to emerge stronger than ever. It's not a guarantee, but I can't think of another company that is in this kind of position. The Biotechs are sitting on a lot of exciting promise, but there are a lot them. It's almost impossible to tell which ones will survive to dominate their niche. Mary