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

To: Amy J who wrote (73771)	2/16/1999 4:14:00 PM
From: Michael Bakunin	Respond to of 186894

Intel still makes all its real money on microprocessors. If their valuation depends on new markets, I'm skeptical, since they have yet to show they can enter them at margins comparable to processors'. Regarding AMD, I'll bring up another concern of mine: cannibalization. Compare the price-performance of a new-style Celeron with a "fast" PII or PIII; why anybody would pick the $500 or $700 part is beyond me. Bleeding edge types seem to agree so far: ars-technica.com "Our advice: If you're thinking about buying a PIII, consider two things. First, wait until there's a reason. It's going to be a while (pessimists say never) before SSE catches on from a software standpoint, and the .18 micron process is key to the PIII moving away from the pack of wolves we've seen represented here. Second, send us some money, because if you're even thinking about buying a PIII right now after reading this, you have gotta be freaking loaded." I think Intel has a good chance of doing very well. I simply find that the stock is priced as if their success were guaranteed. As I said, a fundamental weakness of a DDM model is that it assumes your inputs are 100% accurate. There seems to be little or no discount to the rosiest of all possible future scenarios. Since we continue to disagree, let's check back in a few years, and see what really happened. Cheers, mb

To: Amy J who wrote (73771)	1/15/2000 10:11:00 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

Amy,>>>My suggestion: get in now, before Merced ships. When Intel's stock moves, it tends to move quickly. "200 in 2000" are nice even numbers and the phrase sounds lovely. <<< Even Abbey Cohen could not have phrased it better. Truly a terrific call. Mary