Tuesday, April 15, 2008

Intel doing fine despite the recession

Intel's latest quarterly results show that the company is doing fine despite the so-called recession.

One thing to keep in mind is that quite a number of technology companies get a large chunk of their business from overseas.

Overall, I suspect that stocks will be trading in a wide range in the coming months, so given that we had a big decline last week, we could see a little rally in the coming weeks. Subject of course, to the evolving economic outlook. But if Intel can look good in a recession, who can complain.

-- Jack Krupansky

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