Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.55

-1.1%

1:43 PM EST

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To: mister topes who wrote (42504)	12/17/1997 5:45:00 PM
From: Dale J.	Read Replies (2) of 186894

<<re: This p/e multiple is absurd for a company that has traded at must lower multiples (along with other stocks) during recent years.>> I don't think it's absurdly high. Intel is still in a long-term growth mode. Intel is just beginning its foray into the high-end enterprise Server market. Intel has turned all former competitors (Digital, HP, IBM, Sun, NEC, Fujitsu etc.) into partners. The Internet is a recent global phenomenon. Intel will continue to be a big part of it from PC's to Servers. They also just announced they intend to be a big player in the Networking arena. They said they have have already made substantial progress outside the US in becoming a dominent player. Barring a global economic crisis, I think the selling is overdone and we will see new highs by late Spring. January Earnings/forecast will dictate where we go for the short-term, but l/t its up, up and away.

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