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Technology Stocks : Intel Corporation (INTC)
INTC 47.26-2.9%2:07 PM EST

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To: Maurice H. Norcott who wrote (3225)9/9/1996 9:20:00 PM
From: Fred Fahmy   of 186894
 
Maurice,

Actually, I am someone who has always thought that the Internet and its potential have been and continue to be UNDERESTIMATED. As for the NC, I stand by my position, DOA. Maybe I shouldn't have said "no vision", just poor vision. I simply don't understand how anyone can take the NC seriously; at least anyone who follows the industry. This is a classic example of an industry coming up with a concept and trying to convince consumers that this is what they need. The exact opposite of being market/customer driven.

Back to INTC. I continue to see solid consolidation in low 80's. I agree with Jules that today should be the beginning of a higher move. This stock appears to have great momentum in 1996. It has only had a few minor corrections since hitting the 80's despite increasing short positions. IMHO, WS is slowly beginning to understand the significance of INTC and how undervalued it has been and continues to be. A P/E between 20-25 is easily justified by the fundamentals and leadership position of the company. Based on 1997 earnings estimates, this makes the stock easily worth 120.

FF (who love's the way INTC has reduced AMD and CYRX to rubble)
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