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

To: Dale J. who wrote (57155)6/4/1998 4:12:00 PM
From: The Vinman  Read Replies (7) | Respond to of 186894
 
Bill Fleckenstein called for INTC to go to $40 on CNBC and I have to agree with him. There wasn't any good news today regarding INTC, this rally was a bull trap. One of the things Fleckenstein said was the mentality of buying INTC just because it is at a MUCH lower price than it was at $94. Their business is terrible, high end PC's dominating the market are a thing of the past, ASP's continue to drop and INTC has expensive products at the low end that are weak versus offerings from AMD.

Vinman



To: Dale J. who wrote (57155)6/4/1998 5:06:00 PM
From: Francis Chow  Read Replies (1) | Respond to of 186894
 
<The good news you pointed to combined with Intels comments about having no immediate plans to pre-announce should restore ITNC to higher ground.>

. . . not necessarily, my own personal opinion is that
the rally will fail somewhere around $70 . . . then a big drop.
But that's just my opinion.


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