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Technology Stocks : Intel Corporation (INTC)
INTC 43.75+0.6%Dec 3 3:59 PM EST

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To: John Koligman who wrote (50236)3/9/1998 12:37:00 PM
From: Doug  Read Replies (1) of 186894
 
John: If CPQ's sales are down and assuming there was some channel stuffing, the Sales growth for INTC in terms of pure numbers should decrease.

Further, the deep price cuts in Computers will also impact INTC who will face bigger price cut demands by the Box makers. Historically, trailing P/S and P/E's for INTC have been lower than the current valuations. The tech support is in the $68 range.

I see INTC in a downward trend because of these factors. I would appreciate any corrections you may have regarding this assessment.

Thx.
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