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

To: Barry A. Watzman who wrote (49486)	3/4/1998 9:36:00 PM
From: Jay	Read Replies (1) \| Respond to of 186894

Barry Re "distribution channel shifts and adjustments vs. actual end-user demand" We are all agreed that a massive change has come over the PC market, much to our regret. Is it too much to expect a "re-structuring announcement" by the company to handle the new realities of the market? And maybe a buy-back announcement?

To: Barry A. Watzman who wrote (49486)	3/4/1998 10:20:00 PM
From: miraje	Read Replies (1) \| Respond to of 186894

Barry, re: <<It is possible, however, given the introduction of the 100 MHz bus, price cuts and hopefully Win98.>> I suppose the next shoe to drop will be the DOJ forcing MSFT to halt the release of Win98. :-( What really bothers me about Intels statement is the combination of declining revenues AND shrinking margins. I really think this sucker is dead money for a while. The timing of this news couldn't have been worse for those of us who have just converted warrants that had a long term tax cost basis. I'm tempted to get out but it's much harder justifying a sale at a 39% tax rate than 20% long term. I'll probably just watch the bloodbath from the sidelines tomorrow and be grateful that I'm not margined. Regards, JB