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

To: GVTucker who wrote (77296)	3/26/1999 10:19:00 AM
From: nihil	Respond to of 186894

I disagree. First, one would have had to find a buyer with a couple of hundred billion to buy Intel's overpriced assets, in contrast we are thinking of only a few billion for AMD's assets which are not unreasonably priced. Moreover MU is extremely over priced and Intel buying in would inflate its value even more. Most important, of course, is that AMD's hypothetical purchase would tend to perfect Intel's near monopoly (assuming the purchaser of AMD's assets did not try to compete in the mpu market, or was Intel itself, the most likely purchaser). I am simply suggesting that Jerry is not doing his best to maximize his stockholders' profits. I am sure there are many other examples. TI's sale of its DRAM fabs to MU is a rational example, as was Intel's dropping out of DRAM production in the 1980's. Grove has written about how agonizing the decision was and how long it took because of emotional commitments to a product Intel had pioneered.