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

To: gnuman who wrote (43063)	12/22/1997 2:48:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

Gene - re: "Technology is great, but it's only worth what the market perceives it to be. :-)" You seem to think the trade press is the market. If so, I hope you have loaded up on AMD and NSM/Cyrix stock - these two are the big winners - don't let their losses fool you. Paul

To: gnuman who wrote (43063)	12/22/1997 3:02:00 PM
From: Mary Cluney	Read Replies (2) \| Respond to of 186894

Gene, >>>Technology is great, but it's only worth what the market perceives it to be. :-)<<< You are absolutely correct with respect to sentiment. If you look at AT&T - the share prices have recently doubled - and there is no change whatsoever with regards to fundamentals. However, if you are right about the computer industry with respect to the sub $1k market and the commoditization of computers than Intel could be selling at the same multiple as automobile manufacturers and not unreasonably sell at PEs of possibly 4 or 5. But, if we take this automobile metaphor to it's logical conclusion, small businesses and individual's, not to mention bottom line oriented larger businesses - there should be a huge demand for Yugos if not Hyundais. After all why spend $20/$30 thousand more for an automobile when you don't have to. Automobiles don't even cut costs, manage inventory, and bring products to market faster to compete against the competition. All automobiles do is provide transportation. You can't even play 3D games or games rich in the use of mutiimedia. My main point, I guess, is that you may have a very narrow perspective of the world. You are not necessarily looking at what computers can do for businesses. When you are talking about cutting costs by 5% and saving several million dollars and bringing it down to the bottom line then spending $200 or $300 for the latest microprocessor is not something that many CFOs have to spend much time on. If you could use the computer to manage inventory better, you can save huge amounts on rent for storage - not to mention the improvement of your cash flow - again bringing huge sums of money to the bottom line - spending $1000/$2000 more for the latest and fastest microprocesors could make sense. Even in the consumer area, just think of the numbers of people who buy Rolex watches and drive imported cars - do you think they really want to save a few dollars and use a low resolution 14" monitor and save theselves $200 on a cheaper microprocessor. I know this may sound insensitive and there are many people that are homeless, are unemployed, and have to worry where there next meal is coming from - but there are also a lot of dual income families with good wages - and many with huge bonuses coming to them in the next few weeks. The new world economy is huge - and you may have to look at it from many different perspectives in order to arrive at some sensible conclusions. Regards, Mary Cluney

To: gnuman who wrote (43063)	12/22/1997 3:30:00 PM
From: Barry Grossman	Read Replies (1) \| Respond to of 186894

Gene, Re: "I've also lost 30% of my Intel value, and it's got to go up 45% just to recover the losses" Gee Gene, did you buy at 102? If so you ought to love it at 72. Barry

To: gnuman who wrote (43063)	12/22/1997 3:39:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 186894

Gene, re:I've also lost 30% of my Intel value, and it's got to go up 45% just to recover the losses) If you really believe in Intel, you might want to consider lowering your average cost by buying at these low prices. I plan to buy more every $5 drop in the stock price. So, I ahve been buying around $70, and if it drops in the $65 range, I'll buy more. Just a suggestion. good luck. joey

To: gnuman who wrote (43063)	12/22/1997 9:17:00 PM
From: Fred Fahmy	Read Replies (4) \| Respond to of 186894

Hi Gene, Re: Segment 0's While I understand your concerns regarding the possibility of a paradigm shift, I think you are losing focus on Intel's future and future opportunities. Do you seriously think Segment 0's are going to replace servers running the infrastructure of a massive global network? Do you think Segment 0's are going to replace mid range computers (e.g. AS400's) or mainframes?? I sure don't. But I do think Intel's future products will. Intel is on a course to dominate the high end of the market the same way they dominated the desktop for the last 2-3 decades. That's why everyone including DEC, IBM and SUNW are lining up behind INTC. Thus far they have barely begun to tap this huge opportunity. This is where the big bucks will be made in the future. Of course, in addition to the high end, INTC will continue to be the biggest winner on the desktop (including Segment 0's) and mobile computing. Add to that, expansion into non-CPU businesses and I see a future for INTC which is much much brighter than anything we have seen in the past. Perhaps I'm overly optimistic, but my money says INTC's best days are in the future. Everytime I step back to do an objective analysis of the fundamentals of this industry to decide whether or not there has been a significant change (which warrants reallocations of my portfolio) I come to the conclusion that Intel is stronger now than it has ever been. BTW, you mentioned that it is nice to have contrarian views. Well, based on all the ramblings I read from the pundits including the overwhelming almost religious mania surrounding Segment 0's, my opinion and those of the other INTC longs on this thread are the contrarian opinion. The popular opinion is that Intel's best days are history, Segment 0's are going to rule the world, and all technology products on the face of the earth are doomed to become money losing commodities.....at least that what I read everyday <ggg>. Good luck, FF