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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (28651)	5/31/1998 10:44:00 PM
From: Earlie	Respond to of 132070

PaperChase: Every once in a while, the gods smile. I've had INTC as my number 2 short choice for a few months. My reasons are simple,....no longer a monopoly, competition kicking Pentium fannies in the field, mucho price cuts (and the obvious need for many more), a saturated PC market, no new sales drivers, and Asia (all PC makers thought they'd sell tons to Asia this year.....fat chance...Asia is buying nothing but rice). Good to be at the right place at the right time for a change instead of just "Early". (g) Monday morning will see INTC lower again, which will push it through some significant technical support levels (I'm like MB. I don't give a fig about technical analysis, but when so many people base their "investing" on squiggly lines on their chart screens, one has to keep an eye on it.) Even if the Merced announcement hadn't occurred, I would bet my ancient VW diesel against a Tim Horton donut that INTC provides a further "warning", on top of the previous warning. This quarter is going to be MUCH worse than INTC's last warning would suggest, and it doesn't take high level math to figure this out. When the darling of darlings falls down the stairs, what happens to the rest of the fluff? My bet is that this quarter's "warning" season finally unleashes a few little black bears. One thing for sure, is that this one is going to be worse than ugly. Best, Earlie