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Technology Stocks : Spectrian Co. (SPCT)

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To: Robin who wrote (605)11/6/1997 10:07:00 AM
From: Cary Salsberg  Read Replies (1) of 738
 
Robin,

The risk with INTC is that net profit margins are likely to be reduced from the current 25-30% to a more normal (for other tech companies) 15-20%. Factor this in and average into INTC. The PE for INTC is pretty modest for an industy leader, so some of the margin reduction might already be discounted.

Cary
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