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To: maceng2 who wrote (171264)	6/8/2002 9:49:22 AM
From: mishedlo	Read Replies (3) \| Respond to of 436258

To think that the suckers or Greenspan will save long bets on tech here is really foolhardy, IMO. At best, we get a little reflex rally before grinding down, but the lower we go and the more names get whipped, the more likely it is that a real sell-off commences. Casually taking long Like it or not, corporations buy INTC. Big corporations will continue to buy INTC. That is a fact of life. I worked in the computer industry for 20 years. Large corporations buy IBM mainframes(in addition to unix servers of some kind) and INTC based PCs. That does not mean there is any growth or profit in those and INTC can undercut AMD any time it wants. It might have to, it might want to. I really do not care how "superior" AMD might be, or perceived to be, big corpoartions are not gonna buy it. With DELLs pricing power and market, the average consumer is buying INTC as well. Performance is not even an issue anymore. AMD can run twice as fast as INTC and my response would be "so FN what?". Does it matter? Why? What application needs it? PCs are saturated, INTC and AMD are in a war, PCs are saturated (ask earlie abut that one) and neither of them is going to make any money IMO. As for the rest of them, all the charts look to be consolodating for the big drop down. PEs suck, business sucks (especially those associated with telecom) and at 1/3 the price perhaps one or two of them MIGHT be worth looking at on a fundamental basis. If you are talking "trade" vs fundamentals who knows how much more insane some of these chips can get? If you are talking fundamentals and/or value that one could reasonably expect to hold for 6 months and make a profit, then I think you are seriously mistaken. FWIW I like IRF better than any of those but it too is too high. M