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

To: Road Walker who wrote (46038)	1/19/1998 12:54:00 PM
From: Harry Landsiedel	Read Replies (1) \| Respond to of 186894

John Fowler. Re: Tech rally. I hope, as you do, for a tech rally from these levels, as I think Intc and CPQ among others are "oversold". There's an article in today's WSJ on Fidelity Magellan. These two tech stocks have dropped out of the top 10. I'm sure other funds have run for cover from technology. The more I think about it, the reaction to Intel's earnings from analysts was unreasonably negative. Could it be that they have made up their minds that Asia, the Sub 1k, Competitors are an ongoing problem for Intel and are currently not allowing REALITY to intrude? Thus their reaction to Intel's comment on margin, which was not really different than what has been said before. They NEEDED a reason to maintain their negative posture. If this is so, it could be that we tread water hear for another quarter, until they get another dose of reality, particularly if IBM disappoints tomorrow. IMHO, they have pumped that one up beyond the fundamentals, despite warnings from the more sagacious analysts. We'll see. HL