We now have estimates from Merrill Lynch analyst Tom
Kurlak that Intel should see eps ranging around $8.60 in
1998. At a pe of, say 25, we are looking at an easy lope
into 200 level somewhere in the next two years. Barring
a Wall Street meltdown or the remarkable emergence of the
NC into a dominant factor or the sudden appearence of a
credible competitor, I would say that the PC revolution
(spell that I N T E R N E T ) is going to make a large
fortune for those who are long on INTC. There will be
bumps along the way but hang on for the ride. If you
don't agree love to hear from you.
Good long term investing to all.
Burt (wish I had thought of a snappy handle when I started
posting on SI) |
