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Technology Stocks : Intel at $200
INTC 39.99-0.4%Oct 31 9:30 AM EST

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To: Burt Masnick who wrote (220)1/31/1997 9:22:00 AM
From: Stonehenge   of 282
 
Hello Burt. If you think that INTC will maintain a 20% annnual growth rate this is a no brainer. You are right about traders moving the price up and down in the short term, but as Peter Lynch says, 100% of the time price will follow earnings. The only question is what PE the market decides to attribute to earnings. It seems to me INTC trades at a relatively modest pe to its growth rate. Look at KO selling consistently at 40 times. I bought originally in 1984 presplit at $63. and have been adding all along. We have a huge gain and intend to add more as we have resources and hold for the forseeable future.

Thanks for your good info.
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