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Technology Stocks : Intel Corporation (INTC)
INTC 39.38+6.7%Jan 2 9:30 AM EST

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To: Mary Cluney who wrote (38351)10/30/1997 5:47:00 PM
From: Joe NYC   of 186894
 
Mary,

Why should MSFT be valued at 46X earnings, QCOM 59X earnings, QUAL 233x earnings and INTC at 21X earnings

Lower expected growth?

But anyway, if you, as many here, claim to be a long term investor, why do you care about PE ratio? If you were planning to sell tomorrow, PE of 40 would be nice, but if you are not planning to sell for next 1o years, it is irrelevant what the market price of your shares happens to be on any particular day.

What matters are revenues, earnings, growth of revenuea and earnings. Most Intel investors believe that these are in place, so why do you wish that Andy tries to con the analysts into recomanding higher PE?

Joe
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