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Technology Stocks : Intel Corporation (INTC)
INTC 42.61+6.5%Jan 7 3:59 PM EST
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To: L. Adam Latham who wrote (82426)6/2/1999 12:17:00 AM
From: Imuah   of 186894
 
...you probably mean revenues.

Thanks. I also believe they were referring to flat-to-lower sequential earnings, not year-over-year. Given the current inflation and Y2K jitters, where do you see INTC bottoming out?

Prior to the run-up in mid-97, INTC's P/E fluctuated around 15 for seven years, barely reaching as high as it is at present.

bigcharts.com

At worst, if INTC returns to it's historic P/E norm of 15, price would fall to 30. At best, I would guess sideways from here in a range with current price near the high end.
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