SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 50.70+5.0%2:46 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Smart Investor who wrote (4159)10/14/1996 7:36:00 PM
From: Fred Fahmy   of 186894
 
If I remember correctly you were telling people that it was time to sell INTC a while back when it was trading at a much lower level. At 114 I think INTC remains grossly undervalued, at 150 it is fairly valued. At 200 it would be overvalued right now, but later next year 200 will probably be a fair price. I have also held INTC for many years. I have never sold a share and I have been very nicely rewarded for my patience. I have listened to people who don't understand the technology revolution say it's time to sell INTC everytime it has had a nice run-up. We were all hearing this right here just a few weeks ago when it was in the 70's.

As I have stated PC sales continue to grow at double digit rates. Many oversea markets are just beginning. There is no reason to believe that this can't go on forever (or at least for my lifetime). The technology revolution is just beginning. It is in its infancy. More and more computers will be bought each and every year because of 1) expanding markets and 2) continous upgrading. PC's are not like TV's. You buy a TV and it's good for 10 or more years. PC's are more like shoes. You wear them for a few years then it's time for a new pair.

Intel is just beginning to reach a fraction of its potential. My prediction is that over the next 20 years, no company on the face of the earth will prosper as much as Intel (over that same time period).

Sell now, buy later at a lower price....maybe. Also pay lots of taxes. No thanks, I will just sit back and watch my dollars multiply like magic. Believe me, the time to sell Intel is when you are ready to draw retirment income.

FF
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext