Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 43.95

+3.4%

3:59 PM EST

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To: Paul Engel who wrote (3339)	9/16/1996 3:26:00 PM
From: Burt Masnick	of 186894

Paul - As a long term investor in INTC I have been impressed with the fact that there has been virtually no comment in this thread on the spectacular impressive stock price movement of INTC during the past two weeks. I take this as a sign that investors are taking as a given the standard anticipated earnings for intc and the belief that the PE had to be revised upwards if the earnings keep on showing substantial growth. But as a long term investor the rapidity of the rise is breathtaking for a LARGE company. I bought more intel at 57 this Januuary and I have made almost 50% on that investment (in addition to the stock I bought in 1982). Intel is the same company with essentially the same prospects today as it had in January. What has changed is market psychology (aside from the apperently near death CYRIX fiasco). What worries me a little is that all markets overshoot (in both direc- tions). What was worrying the market this January was the beginning of the precipitous drop in memory prices which was obviously GOOD for Intel. My current question is: Has INTC gotten ahead of itself like when it shot up to 78 over a year ago? As a long term inves- tor I hate worrying about short term ripples, but this ride has been more than spectacular. On another note, I suspect that PC sales this Christmas will be better than anticipated. There is a product for every price point. Features and speed per dollar are spectacular on any standard and many people I know have to get PCs at home to access or complete work related documents. Added to the good state of the business cycle in the US and the need to upgrade essentially obsolete 386-486 machines in the workplace and you have a formula for good numbers in the Oct-Dec quarter. Finally, the mass availability of 3D graphics makes gaming and graphic display intensive applications breathtaking and captivating. I have become resigned to the need for a new PC every three years for my home environment and I assume that I am not unique. My son bought a spiffy Dell PC three years ago for his freshman year at college and literally had to get a new one for his senior year. It's sort of getting like the car market. You can drive your old clunker for quite a while beyond the first hundred thousand miles but after that your anxiety and problem occurence threshold will probably to drive most to a younger or brand new vehicle. I don't see any serious business competition for Intel for the forseeable future. I predict the NC will become a historical footnote like the Osborne computer or the Altair. Interesting and with some merit, but the wrong product at the wrong time for the wrong reasons. My biggest worry with intel is justice department medling (and possibly over-vigorous upside stock movement). Burt

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