Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.51

-0.8%

Dec 15 3:59 PM EST

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To: Paul Engel who wrote (2526)	7/24/1996 8:32:00 AM
From: Joseph wang	of 186894

INTC is fundamentally strong and its current stock price is only 15 times earnings. To Andy: what the he** are you talking about??? overvalued??? To all: INTC successfully beat wall street estimates, 1.17 vs .99 last year. That shows 15+% growth over the same quarter a year ago. A stock price of high 60s to mid 70s is reasonable. The only thing I see affecting INTC right now is the overall psychology of the market ...everyone is spooked...but let's get this straight: This correction I think is weeding out all the stocks that went up 50-100 times (i.e. IOMG, DNA, CUBE, etc..etc..)...all of these are down 80% and rightfully so. Look at last year as an example: ISSI, MU, CRUS, etc.. were last year's winners and this year's losers. These really overvalued stocks are getting crushed. The companies with good, solid earnings and future growth are the ones that are going to be relatively resistant to any big decline (they'll still get killed in a selloff but will rebound). my advice: stay out of all stocks for the rest of year! the feds are going to boost interest rates and earnings for this current quarter aren't that great for the tech sector.

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