Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.34

-2.6%

Dec 8 3:59 PM EST

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To: Tony Viola who wrote (136491)	6/2/2001 11:52:02 AM
From: Mary Cluney	of 186894

Tony, <<<I hope Yardeni is as wrong as he was about the Y2K "bug". >>> I think Yardeni was right about the Y2K "bug" and the magnitude of the problem - only his conclusions were all wrong - that because of it we would go into global recession. I think companies took remediation seriously and spread the cost out over many years. They fixed what had to be fixed, patched up the rest, and will deal with the rest as it comes up. Same thing here: <<<Unless the demand for tech goods improves soon, tech stocks remains significantly overvalued, Yardeni said. The consensus of stock analysts is that earnings-per-share at tech companies will increase at about 25 percent a year for the next five years -- something that is virtually impossible if Silicon Valley's customers are hardly increasing their budgets, he says>>> I think Yardeni's analysis is correct - this is all too obvious. Every analyst on Wall Street probably share this assessment. It is much easier to factor in the drop in spending and the resulting lowering of earnings. It is much more difficult to forecast increases in spending. IMO, most of what Yardeni estimates are factored into current share prices. Mary

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