Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 33.62

-4.2%

3:59 PM EST

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To: Fred Fahmy who wrote (86238)	7/28/1999 7:38:00 AM
From: GVTucker	Read Replies (1) of 186894

OTOT Fred, RE: In CSCO case (and keep in mind I think it is one of the finest companies in the world) their P/E has really escalated in recent years. CSCO use to have a P/E of 35-45, more in line with their growth prospects. It has only been recently that it has climbed to nearly three times those levels. I just don't see how CSCO can justify a P/E around 100, especially with a new giant competitor (LU) emerging in recent years. It is even more extreme than that. I pulled out an old research report from when I first bought CSCO, in Dec 94. "We believe the stock, which currently trades at 18x forward EPS, could trade to the low $40 level, which would equate to 22x our CY 95 EPS of $1.90." The stock was $33 then, and has split 4 times since. (I haven't been a participant in the last two, unfortunately.) It still amazes me how the attitudes toward different stocks can change so drastically.

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