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

To: Paul Fiondella who wrote (77277)	3/26/1999 1:47:00 AM
From: Fred Fahmy	Read Replies (1) \| Respond to of 186894

....conventional wisdom holds that this is the 10th major slowdown in PC sales in the last 5 years <ggg>. FF P.S. I read an article yesterday (can't find the link) which stated that some of MU's "competitors", like "INTC", went down because of MU. How pitiful is that?!!?? Poor author doesn't know the difference between DRAM and CPU's. Of course I shouldn't be too hard on him...after all, Kurlak never seemed to be able to distinguish a commodity DRAM semi company like MU from a proprietary CPU semi company like Intel either <ggg>.

To: Paul Fiondella who wrote (77277)	3/26/1999 7:17:00 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Paul, RE: conventional wisdom and Intel Forget even paying attention to conventional wisdom. It is irrelevant. In summer '97, conventional wisdom was that Intel was now immune to its past cyclicality and consistent growth could be anticipated. That conventional wisdom was wrong. In summer '98, conventional wisdom was that the trough in Intel's earnings had been reached, and Intel was on the verge of strong growth in earnings in the near term. That conventional wisdom was right. I'm not saying that you should just ignore what the rest of the world is thinking. Just that it shouldn't affect your analysis of Intel's worth as an investment.