Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.78

+2.7%

Nov 26 3:59 PM EST

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To: dmf who wrote (44750)	1/11/1998 9:36:00 AM
From: Michael Cozza	Read Replies (3) of 186894

dmf & Ibexx: The "Inside Wall Street" column in the latest Business Week (Jan19 edition) cites Michael Murphy on Intel. Murphy says it is one of his two top picks for 1998. Murphy, who edits the California Technology Stock Letter, says you can't just look at the P-E ratio for such a stock...You have to consider what the company spends for R&D, because that money would have been earnings had it not been reinvested for future development. Murphy says Intel has "vast" R&D spending, and considers the stock a bargain at current price--73 when the article was written. Murphy notes Intel is selling at a P-E of 18, compared to the S&P average of 22. He believes its price will climb back to 100 before the end of the year. This article is also in the on-line edition of Biz Week. I access it through AOL. I'd provide a link, but I can't figure out how to do that for non-AOL, members.

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