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Technology Stocks : Intel Corporation (INTC)
INTC 48.70+10.8%1:56 PM EST

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To: Mr. Sam who wrote (7963)1/13/1997 3:21:00 AM
From: Jim Lass   of 186894
 
re: "We must make a distinction between a company and its stock"

Mr. Sam, THANKS for taking the time to post such a thorough
analysis. I agree with most of it (I own INTC & AMD). I think
your model may not take into account the rapid acceleration of
Intel's revenue's and earnings. In the past, Intel's earnings
tend to sit stagnant for a while and the explode to the next level.
I think we are still in the middle of the current explosion phase
and will quickly catch up to the 19 p/e that you mentioned.
With that said, I wouldn't be surprised to see a short term top
in here soon. I'd expect a max downside of 120 -125 in the next
6 months. Thanks again... Jim

(Jump in anytime Al!)
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