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Technology Stocks : Intel Corporation (INTC)
INTC 33.02-1.8%10:40 AM EST
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To: Joseph Pareti who wrote (86260)7/28/1999 2:06:00 PM
From: Barry Grossman  Read Replies (1) of 186894
 
Talking about the current technological revolution and the effects on the present and future economy, Alan G said that "there has never been a period like this in United States history." He also said, "Rather than slowing, it is even possible that the rate of technological change and it's effect on productivity could continue to increase and that the present circumstances [the goldilocks economy] could continue for a long while."

So, who's to say that those PE's aren't correctly valuing those companies? One thing I know though is that Intel's relatively low PE is certainly a bargain that is being recognized by more investors even as I write this.

INTC 70 1/4
31.7 million shares
33,800 trades @ 11:00 am PST.

Barry
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