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

To: Lizzie Tudor who wrote (176422)	1/6/2004 8:28:00 PM
From: brushwud	Read Replies (1) \| Respond to of 186894

Your argument sounds a lot like Hueyone's argument, which is basically that it is "too easy" for startups these days, due to 1)stock options, 2)lenient capital markets etc. Can't speak for hueyone and whatever his point was. The point I was trying to make was that a startup that can't achieve profitablility in four years probably never will. And I don't think there needs to be any policy to support such failed businesses because they are small or new. With respect to 1) I'm pretty sure Intel handed out plenty of stock options circa 1972. With respect to 2) I do feel that profitless ventures looking forward to going public is one of the unhealthy excesses typical of the 1990s. Intel had a few gifts bestowed upon it that newer companies don't have. The proposition 13 tax scam for one. And in the 70s, the luxury of a huge pool of desperate engineering talent laid off from the space program. Prop 13 and aerospace layoffs had very little to do with Intel's profitability in the 1970s.

To: Lizzie Tudor who wrote (176422)	1/7/2004 12:41:09 PM
From: Saturn V	Read Replies (2) \| Respond to of 186894

Ref Intel had a few gifts bestowed upon it that newer companies don't have. The proposition 13 tax scam for one. And in the 70s, the luxury of a huge pool of desperate engineering talent laid off from the space program. How are you coming up with these assertions ? Prop 13 was passed in 1980. The proposition 13 is still in effect, and so "tax scam benefits" are still being reaped by all new companies. Your logic does not add up. Aerospace talent ? How many Intel people are ex- aerospace ? And the aerospace layoffs happened in 1969-71 ! I am not aware of a significant number of aerospace alumnus at Intel ! Intel benefited from the turmoil at Fairchild Semiconductor, and Intel and other Semiconductor companies( eg AMD and National) are heavily populated with Fairchild alumnus. According to my sources, most Intel hires in 70's were either fresh college graduates or defectors from Fairchild, TI and other semiconductor companies.