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Technology Stocks : Intel Corporation (INTC)
INTC 48.90+0.6%2:28 PM EST

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To: Smart Investor who wrote (4520)10/24/1996 12:33:00 PM
From: Andrew Chow   of 186894
 
>INTC will not get a PE of 25. The historical range of INTC PE is 8-22

Your historical perspective is a tad short. INTC exceeded a 30 P/E in the late 80's and early 80's. As I recall the P/E was in excess of 40 in '83. This is not to say that it was a great buy on those occasions, quite the contrary. But if we are going to let history be our guide, then it pays to know all the history, right?
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