Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 42.85

+7.0%

1:33 PM EST

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To: Joey Smith who wrote (56894)	6/3/1998 7:37:00 PM
From: Steve Porter	of 186894

Joey, And I would warn you not to get too comfortable with the idea of Intel missing by a couple of $0.01. If Intel doesn't come in $.05 above the estimates we will see another big sell off like at the last earnings. The street comes to expect at least a nickle over whatever the estimate is. For Intel that bar may be even higher. More importantly if Intel misses by a couple of $0.01 then all hell could really break loose. Numerous sources are talking about slow downs for the rest of this year and part of next year. Intel can't escape the entire industry downturn. If this Q's CC is anything but "the world is great and we will make twice as much money next quarter as we did for the last 5 years" then this stock is going in the crapper (for now at least). The market in gerenal is WAY over-valude. Intel is trading at what 12-14x earnings (I think, but the number is irrelevant). If Intel says Q3 will be flat and q4 slightly up, intel will trade at 6-8x earnings. Steve

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