Paul and Thread,
From this mornings WSJ, Heard On the Street column, about analysts setting price targets for stocks, Mr. Glavin of CSFB explaining his call on Intel:
<"There is so much upside here we would not be surprised if Intel were to exceed $3 [a share earnings] this year of $4 next," he says, though he hasn't officially raised his earnings estimates to match his new price target. "I've been waiting to make this call for six months."
Indeed, Mr. Glavin says, real numbers are the basis for his new price target. "In the subsequent 12 months following Windows 3.1 and Windows 95 as well as NT 2000, Intel's stock price increased between 130% and 150%," he says>
Personally, I don't believe the upgrade cycle for Windows 2000 will compare with 3.1 or 95, but it will be significant. Add to that the product pipeline, and the possibility that the street may begin to recognize the value of Intel's investments, and that some of the new business initiatives may begin to contribute; he may be right about his $150 price target.
Sure hope so...
John |
