Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.57

+4.8%

Feb 6 3:59 PM EST

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To: Mark Brophy who wrote (2983)	8/18/1996 10:51:00 PM
From: Fred Fahmy	of 186894

Mark, Actually, if you look at INTC's chart you will see that the Pentium "bug" fiasco only created a very short term 10-15% decline from where the stock was before the bug revelation. I think the stock doubled because people who follow the industry are starting to understand the significance of Intel in the technology revolution and their dominant position. As more and more people realize that Intel is as dominant and profitable as any company has ever been in their field, the stock will double again. This is not to say that it might not correct along the way. IMHO, in due time this stock will earn a higher P/E. I can easily see Intel earning 6.50/share in 1998 with a P/E of 25. This would constitue a doubling in stock price from here from here. Just my thoughts. FF

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