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

To: Paul Engel who wrote (65368)	9/24/1998 9:44:00 AM
From: John F. Dowd	Read Replies (1) \| Respond to of 186894

Paul: Your feeling is that the money center banks have a lot more exposure to bad loans abroad than we already know of or can anticipate and because of a decline in reserves attendant to loan write offs need this additional liquidity. If that is so then I could see yesterday's reaction in response to easier $. It would seem therefore that the fear of big banks collapse is really the overarching dynamic in the market place. Are such fears warranted? Is the exposure abroad that great? I like the techs because they have withstood the Asian contraction and because they have been brought up in a deflationary environment. ie. chip prices start in the 300/unit range and quickly go to 50/unit yet the techs make a fine profit. John