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Technology Stocks : Intel Corporation (INTC)
INTC 37.28-0.6%1:02 PM EST

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To: PeterR1700 who wrote (59201)7/1/1998 4:01:00 PM
From: gnuman  Read Replies (1) of 186894
 
PeterR1700, re;"Guesses"
Be interesting to see the responses.
I would think Intel will be higher a year from now, and higher yet in 5 years.
"How much higher", you ask? Tough one. I think even with the SIA projected revenue growth for the industry that Intel won't achieve the 1997 earnings in 1999. (Mainly because I think 1999 margins won't compensate for the growth, and 1997 was a stellar year for Intel). And the market has changed a lot since then.
Earnings will probably continue to be forecast below $3.80/share. So if we give it a P/E of 25 we're looking at <$95.
But while analyzing Intel is fun, it usually doesn't mean crap.
I've been in Intel for 25 years. Every time it looked darkest they ended up amazing the investors and the analysts. (I remember getting a margin call years ago when the stock was about $8.00. Fortunately I covered).
So here's my guess, Intel will be $120+ a year from now.
One more caveat, I wouldn't depend on the guesses from this thread to make your decisions.
(And I don't see splits on the horizon).
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