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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: Darren who wrote (58629)	6/24/1998 9:50:00 AM
From: gnuman	Read Replies (1) of 186894

Darren, re: "Remember, INTC was over 90 before warning March 4, 1998." Also remember, the consensus for '98 was $3.97 before the warning. It's now $3.17. The forward PE would have to reach 28+ for a price of $90.00 vs a PE of 22 prior to the warning. And with consensus for '99 and'00 falling below '97 actuals, I have to wonder. Hope you're right, though. :-)

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