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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: Mary Cluney who wrote (54475)4/25/1998 12:57:00 PM
From: Thomas J Pittman  Read Replies (2) of 186894
 
Mary,

Was the PE of 18.4 based on trailing earnings? I am looking
at PEs that are substantially different from 18.4 and they
are much higher. The best estimates I have seen recently
are around 3.50 or so per share for this year. If those
are right, then we are looking at a PE of at least 22 or
so, which has typically been at the high end (or outside
of) Intel's normal range.

Thanks,

J
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