Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.06

-0.1%

12:16 PM EST

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To: Joel R. Phillips who wrote (1138)	4/23/1996 6:07:00 AM
From: Paul Hrabal	of 186894

You ask, why the recent rally? From the 50's to high 60's is only to get Intel back from Fire Sale to Absolute Steal. Now we are going to see appreciation. The recent come back is nothing. What? 15-25%? That's a good start only. Intel, along with the other big leaders such as MSFT are at the very core of the technology revolution remaking the whole global economy and transforming our lives. Have you seen the projections of technology growth worldwide by 2000? If that is not a "strong fundamental underpinning" I don't know what is. Maybe your horizon is very short, not mine. Intel at a trailing p/e of 16 is nothing! A joke. When forward p/e hits 25 - that's $110 today - I might take some profits. Paul

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