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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 12:59 PM EST

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To: Mary Cluney who wrote (68717)11/18/1998 3:03:00 PM
From: Paul Engel  Read Replies (2) of 186894
 
Mary - Re: " Using Kurlak's unit esitmates Intel will earn 4.15 per share as opposed to Kurlak's estimate of $3.60. That would give Intel a 24 PE same as the average for the S&P. "

Kurlak's $3.60 estimate assumes FLAT EARNINGS.

Intel just posted $0.89 and pre-announced an 8 to 10% revenue increase as well as a few per cent increase in gross margin. That means that Q498 will be well above $0.90 (= $3.60/4).

Depending upon overall business conditions, Intel could wallop Kurlak's estimate. Current conditions indicate that near term, Intel will do this.

As you know, "long term" may be different.

Paul
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