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Technology Stocks : Intel Corporation (INTC)

INTC 36.03

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To: Fred Fahmy who wrote (62202)	8/9/1998 8:56:00 PM
From: gnuman	Read Replies (1) of 186894

Fred, re:<If I look at the earnings curve and leave out 1997 and assume 1998 comes in at low 3's (which I think it will) and 1999 comes in at mid to high 3's (which I think it will) then things look fine to me. One year without sequential growth is not a disaster, especially given that this is supposedly one of the toughest years ever for the semi industry. I am looking at CAGR over a 5-10 year period not every 2-3 years.> So do you expect a return to 32% CAGR? And do you think 1998 is just an aberration, or is it a change in the fundamentals of the PC industry?

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