Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 42.93

+7.2%

11:43 AM EST

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To: Philip W. Dunton, Jr who wrote (53463)	4/15/1998 6:26:00 PM
From: Maverick	of 186894

Many would even say that Intel already trades at a premium at 24 times the $3.21 FY98 consensus earnings estimate prior to yesterday's first quarter earnings release. Traditionally, chipmakers have sold for around 10 times earnings, reflecting the threat of commoditization. Intel's price premium seemed justified mainly because the Pentium chip outdistanced the competition. With gross margins now under pressure, in part because AMD and National Semiconductor's (NYSE: NSM) Cyrix unit are moving aggressively to claim share in the under $1,000 PC market, perhaps this premium itself must be rethought? Excerpts from The Motley Fool

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