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Technology Stocks : Intel Corporation (INTC)
INTC 38.16+2.5%Nov 7 9:30 AM EST

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To: Amy J who wrote (130236)3/17/2001 1:25:15 PM
From: John Koligman  Read Replies (2) of 186894
 
Barron's press on Intel this week in it's cover article on tech...

John

Intel, as noted above, has held up well this year, declining 7% to around 28, despite a sharp reduction in 2001 profit estimates to 71 cents a share from over $1.50. Intel's price/earnings ratio, which stands at 40, hasn't declined much since the stock peaked at 75 in September because of plunging profit estimates.

Back in September, Intel fetched 45 times its eventual $1.65 a share in profits for 2000. Those 2000 earnings, which were boosted by about 35 cents in investment gains, could be a high-water mark that Intel may be unable to top for many years.

If it earns 71 cents a share this year, Intel's profit will roughly match what it earned back in 1996. At this point, Intel may be trading more based on its stellar reputation than anything else.
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