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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 37.86-4.1%9:37 AM EST

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To: IQBAL LATIF who wrote ()6/21/1997 10:18:00 AM
From: IQBAL LATIF   of 201
 
Andy Groove, Why is your P/E so low? - Talking to Fortune.

I really don't know. We do surveys and studies, and the results with the investor community are very, very good. The annual meeting was a love-in. Calpers and our other major shareholders have nothing but compliments. Then I look at the P/E ratio, and I ask, "Where's the P?" It is not consistent with other companies that we think have similar market positions or business conduct or prestige, so something is not right someplace. I'd say it's in the category of "Life is not fair."
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