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There is one thing that may need to be looked at, book to bill ratio. If
the ratio is below 99 the chip companies will fall. If above 99 chip
companies fly. I'm bearish on INTC. There is still a lot bad news on
the way from ASIA. So, I say wait for a positive change in the trend
before jumping in.
Joe Frabosilio
Girish Patel, M.D. wrote:
>
> There is no need to be gloomy about Intel. Like Microsoft, Intel is the
> foundation of most PC's sold today- and the demand for PC's is far from over.
>
> Further, INTC has offered new, faster chips and the industry can be considered
> to be in its childhood, of not in infancy. A long way to go.
>
> This downturn will be short lived, enough to profit from, and in the long
> term, no one will be able to function without INTC (even with IBM's 1000MHz
> chip announcement). I am bullish on INTC, and I will buy those LEAPs as soon
> as the time comes ( about 67-68, I assume)
>
> Girish Patel
>
>
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