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

To: TTOSBT who wrote (65700)	10/1/1998 5:27:00 PM
From: Jacob Snyder	Respond to of 186894

re: There is lotsa side line money. That's right. The baby-boomers are still saving 20 Billion a month. The only change is that, for the last 2 months, it's gone into money market and bonds accounts, instead of stocks. Sooner or later, hysterical fear will swing back to hysterical greed, and the market will take off. The question is, which stocks will benefit? Answer: big, safe well-known companies with reliable and growing earnings. Given all the recent earnings upgrades on INTC, and the fact that it bottomed in June (and has held up very well since then in a lousy market), I think we'll see 90s sometime in the next 3 months. The only reason I'm getting out @ 90, is that I think the semi-equips will bottom about 6 months after the semis have bottomed. I think AMAT is more undervalued than INTC, and will go up further in the next 3 years. Having reached the stratosphere with the first stage of the rocket, I'll cut it loose and ride the second stage into orbit.