Intel is growing between 15% and 20% a year. That should command a
PE of 15 to 20. They'll earn between 5.25 and 5.75 next year. They
have product dominance, marketing expertise, the best semi manufacturing
in the world. The only clouds on the horizon are a synergistic buyout
of Apple (probably will be bought but probably wont be synergistic)
or the new $500 Internet PCs (I don't think the concept will catch on,
but who knows). Comments? By the way, I bought intel back in 83 so
I'm a touch biased. Oh, I left out the plants they're building in Europe
and the Middle East.
BJ |
