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

To: Thomas J Pittman who wrote (37574)	10/25/1997 12:19:00 AM
From: exhon2004	Read Replies (1) \| Respond to of 186894

Thomas: re <Something is stinking. BRE-X and others release this kind of crap to prop their own stock price. Intel doesn't need this kind of nonsense.> Let's wait to see if some gets pushed out of er..... jumps out of a helicopter before we start comparing intc to BRE-X Best Regards Greg Gimelli

To: Thomas J Pittman who wrote (37574)	10/25/1997 2:42:00 AM
From: Paul Engel	Respond to of 186894

J - Re: Intel Fab & Clarification Don't expect any clarification from me. If Intel "clarifies" this any more I'm going to believe they are getting out of the semiconductor business. Now Andy wants all the shareholders to have a little Paranoia. What a way to survive! Paul

To: Thomas J Pittman who wrote (37574)	10/25/1997 6:13:00 AM
From: Dwight E. Karlsen	Respond to of 186894

I think it's clear what they are saying, knowing what was said at earnings: In the first press release, Intel was saying "demand [for new supply] is not there". We knew that already, and Intel had already stated that the flash market became extremely competitive with more flash memory flooding the market, prices were slashed, etc. Classic oversupply of a commodity product. Same thing happened in the disk drive business with SEG, WDC, QNTM, etc all over producing. Yet computers are selling like hot-cakes, and obviously all those PCs have hard drives in them. Servers are selling well, as are workstations, etc., and they all have high-end drives. Yet there is oversupply of high-end drives and low-end drives. So if one were to contemplate opening a new drive production factory, you could say that "weakening demand" is the reason, yet unit sales are high, it's just that there is no demand for new supply. I think that Intel should have just said, "there is ample supply of flash memory already on the market, so we are taking the Israel plant, which was designated for flash memory, and which is further along in construction, and designating that plant for microprocessors and logic chips." End of story. It was simply poor wording.