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Technology Stocks : Intel STINKS!! BASHERS ONLY!! (Bears Board) -- Ignore unavailable to you. Want to Upgrade?


To: thorx who wrote (401)9/29/2008 9:38:50 PM
From: Saturn V  Read Replies (1) | Respond to of 409
 
Yes Intel will suffer if the doomsday economic scenario does indeed come about. Several companies will go bust outright, and particularly the weak ones. And a lot of people will lose their jobs and unemployment will skyrocket.

Luckily my Intel holdings are down as much as my non-Intel holdings, and about the same as the general market. Luckily I am not on margin and can ride it out. If the doomsday scenario does indeed happen, the weak competitors will not survive, and the stronger companies will indeed end up with a larger market share. So at the end of it all, it will be OK.