Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

3:59 PM EST

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To: Harry Landsiedel who wrote (103194)	5/9/2000 7:34:00 AM
From: Road Walker	Read Replies (1) of 186894

Harry, re: "Could today's action be symptomatic of an ongoing reduction in stock prices with high PE's to reflect rising interest rates? I wonder where the bottom will be?" I think the PE's are being revised downward across the whole spectrum of valuations. As a point of reference, from last Friday: * Yield on the 10 yesr treasury note has risen from less than 5% to 6 1/2% over the last 12 months * The S&P 500 has risen 6.52% over the last 12 months * The PE ration on the S&P 500 has declined from 35.67 to 29.74 over the last 12 months The earnings growth has been great; the market isn't assigning as much value to the earnings, because you can earn higher return with less risk in bonds. As to where the bottom is, if you figure it out, let me know. John

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