Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: michael ehrenberg who wrote (59679)	7/10/1998 3:18:00 PM
From: Barry Grossman	Read Replies (2) of 186894

michael, While I like your thinking about INTC retracing last years move to 102, a PE of 31-32 was reached only once in the last three years. It was when INTC closed at 146 1/2 on 1/14/97 the day they reported blowout 4Q96 earnings - after the bell. Because of the great earnings, one week later when the stock was again at 146, the PE was only 24. This time, I don't think the present PE will drop in the next week. The move to 102 and beyond will depend on the actual earnings and actual comments and market perceptions of same. FWIW. Barry

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