Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.91

-1.4%

3:59 PM EST

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To: GVTucker who wrote (153445)	1/2/2002 11:11:45 AM
From: bambs	Read Replies (2) of 186894

"What would make "the tech industry collapse" in your book?" adding your answer to this question. I would say that INTC's business has already collapsed. Earnings will be down 95% for 2001 over 2000 once this last quarter is reported. Revenue has been crushed. I think the earning will have a small rebound but growth will be very modest for the next 5 years or so. After this quarter is reported the p/e will likely be in the range of 100-250. I think that when the rebound in earnings is seen, if the stock is still trading around 30. The p/e will see be in the 60-70 area. I think the growth rate will not justify this. I also expect US dollar weakness to push of interest rates and will result in a "fair value" p/e equities being much lower then it is now. I would think that this process will take about a year or so to play out. INTC should see $15 at least and could fall to $10. My 1 year low targets for the markets is nas 1050, s&p 750, dow 6800

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