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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: Fred Fahmy who wrote (51273)	3/25/1998 11:12:00 PM
From: TTOSBT	Read Replies (1) of 186894

Fred, Re: "They spent $1 billion in Q4. We'll have to wait and see how much they bought back in Q1. They spent a total of $3.4 billion in 1997. What do you think would be a good number for 1998?" I would like to see the PE half of what MSFT's is, currently 58. So PE of 25 to 30 would be sound in today's interest rate environment. Alsol Fred didn't they use $1.3billion on the DEC Alpha deal? And Like I had mentioned to you yesterday. With the DOJ watching I wouldn't go speeding right now if I were Intel. TTOSBT

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