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Technology Stocks : Intel Corporation (INTC)
INTC 48.60+3.5%3:59 PM EST
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To: Mary Cluney who wrote (55137)5/5/1998 12:35:00 PM
From: gnuman  Read Replies (1) of 186894
 
Mary, re:< I don't want to see some macho analyst try to prove that he knows the business better than Craig Barrett and issue his own forecasts.>
That's what analysts do. 38 of them have issued earnings forecasts for 1998 and 1999. .
My point is that CB really can't miss with a forecast that 2nd half will be better. But how much better? Intel doesn't give numbers, so investors look at the analysts forecasts. And until they come up, the stock will probably trade in the current range, (with a P/E of 25).
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