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DewDiligence

05/14/03 1:28 PM

#5139 RE: Golfbum #5138

Golfbum: at the moment, I do not own INTC or any other large-cap tech stocks.

But that’s not because of the company policy on options per se. (Unlike INTC’s official line that options-related expenses are incalculable, I make my own adjustments for options in the financial modeling.) The reason is simply that, at current prices, INTC isn’t cheap enough relative to its business prospects. Regards, Dew