Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.14

-6.1%

Feb 10 3:59 PM EST

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To: Ibexx who wrote (5599)	11/20/1996 8:09:00 PM
From: Xpiderman	of 186894

Thanks for the IBM infoemation. There is a brokerage firm who suggested buy IBM at $50-60 level several ago, now says sell, and this firm believes IBM is a $120-130 stock. And the IBM's sell off soon siplled over to INTC, MSFT, DELL and CPQ. Early this week, when the Merry Lynch guy upgraded IBM to $195 target, he said that was based on P/E expansion (from 11 to 15-16), not on better earning potential. Another word, IBM's recent movement was based on his lips. I don't IBM's growth rate can support any higher P/E. I feel the whole market becomes more and more speculative, and even the conservative guy is trying to ignoring the fundamentals. This is not a good sign. Everybody know the market is way over extended, but no one wants to jump out off the wagon first; when finally everyone try to jump off at the same, you know what will happen. Xy

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