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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: VinWood who wrote (6308)12/13/1996 4:54:00 PM
From: mauser96   of 186894
 
If pervasive euphoria existed about Intel's prospects the P/E
probably would be higher. Over the next few years a switch to 300mm
wafers and 0.25 mm technology should allow Intel to produce at
least 5 times as many microprocessors as in 1995. To me the real
question is whether this much demand will develop. If a 25% growth
rate in demand persists, it compounds to 6 times the sales in 8
years. Intc is persuing a "field of dreams" strategy- build the
chips and the market will be there.If they are right Intel will do
fine, but if they are wrong....
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