Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.26

-0.7%

Feb 5 3:59 PM EST

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To: Fred Fahmy who wrote (4169)	10/14/1996 8:53:00 PM
From: Barry Grossman	of 186894

<< 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 agree. This is THE stock to hold and to buy on dips. There are not too many times in history when a technological innovation totally transforms the way the world works. To me, this is one of those times. Current microprocessors and their progeny are propelling us into a world of instant worldwide communication, vast information availability, and incredibly realistic entertainment media availability. With the exception of cures to some of horrible diseases that afflict our species, I can't think of any other innovation that has the potential to affect as many members of our species as this device does. Selling Intel now would be like selling GE in 1900 or T in 1890. Big mistake. I look at 200 as a short term gain. 400-500 would be my 5 year target. I think there are a lot of us out there who feel this way. Aside from Intel's financial performance, I think that's one of the reasons why the price has gone up so quickly since July. Not a lot of us selling our shares to the new buyers.

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