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Politics : Ask Michael Burke
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To: Earlie who wrote (20579)7/15/1997 10:42:00 PM
From: Joseph G.   of 132070
 
Earlie, you've got to learn to look at it comparatively: If MOT, which is roughly in the same business (also makes MPs for the great Co. named Apple) is trading at P/E = 52, why should not INTC trade at, say, P/E = 45? MOT sales, earnings are actually down from two years ago, INTC at least beat their two years ago numbers. At, as is well known, MOT is going to $120/share whithin a year (so it is quite prudent to discount it now to $114), why in the world INTC should not go to $450/share at the same time?

It is never too late to learn.-g-

Joe
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