Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.15

-0.6%

Dec 24 12:59 PM EST

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To: Mohan Marette who wrote (38249)	10/29/1997 12:23:00 PM
From: Richard Tuck	Read Replies (3) of 186894

Mohan, Reasons INTC will not get back to 100 and stay there until next year some time: 1. Declining margins 2. Flat revenues 3. Forward looking PE is 22, growth rate is about 10-15%. 4. Market slanting towards low end because of perceived lack of need for high end processors in home market. There are other reasons such as price competition, but these are good enough in themselves. As a INTC long, I don't see this being the long term situation. Eventually the factors you cited will kick in, but for the next couple quarters things will not be so great. Finally, it looks like we are in for a double bottom in the stock market. Everyone jumped to the conclusion that Monday was a fluke and that the market would shoot up from here. I don't think so. The Dow will probably now head down below 7000 (just not as dramatically as on Monday). People will be more distraught and there will be less talk of buying on dips. When all hope is lost, the market will then shoot back up to 9000. Regards, Richard

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