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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: Barry Grossman who wrote (28218)8/4/1997 9:51:00 PM
From: mauser96   of 186894
 
I suspect the recent rapid rise in INTC is mainly due to momentum players. Unfortunately, they will leave as quick as they came. In the somewhat longer time period, the long awaited elevation in Intel's P/E
is finally underway. The big money managers have begun to figure out that Intel isn't another capital intensive cyclical General Motors. Eventually I believe the P/E will approach that of Microsoft.(Since I think Microsoft P/E too high, and Intel's too low, they may converge)
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