Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.34

-0.1%

Dec 23 3:59 PM EST

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To: Robert O who wrote (140104)	7/26/2001 2:04:41 PM
From: pgerassi	Read Replies (4) of 186894

Dear Robert: Then do not use WS as a source of valuation. They lie to you! Is Intel worth $28 a share? Not at $0.03 a share. Did you pick up the news that the SEC is investigating these pro forma earnings and the uses they are put to? It seems that the SEC may put their foot down and force these companies that use pro forma earnings and stop them. If that happens, would you believe that Intel (with others that do it) will have a large share devaluation? I mean the PE ratio is now 4 times greater, doesn't it mean that the share price will drop to a fourth of current value? That would be about $7 a share, roughly the same price to book ratio as AMD. What will the shareholders say to management then? Pete

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