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Technology Stocks : Intel Corporation (INTC)
INTC 50.79+5.2%11:23 AM EST

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To: Harry Landsiedel who wrote (4295)10/15/1996 9:22:00 PM
From: Fred Fahmy   of 186894
 
Harry,

<<The best way to make money is to buy misappraised stocks. Intel used to be there. It is not undervalued by much anymore IMHO.>>

My valuation (for what it's worth).

P/E 25 * $7 1997 EPS = 175

Therefore, I think a fair value 6-9 months from now will be around 175.

I also know that there will be correction, but I am not interested in attempting to guess these movements. I bought INTC 39 months ago. As of today, it is almost exactly 4X. All the factors which convinced me to buy the stock (earnings growth, strong management, market dominance, brand awareness, leading edge technology, etc.) in the first place have only gotten stronger during that time.

FF
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