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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: Tom Kearney who wrote (8207)1/14/1997 7:05:00 PM
From: robert miller   of 186894
 
To Every Intel Stock holder,

Please Read the detailed press release concerning earnings.
I have no tolerance for speculation since a flat 2.13 per quarter will translate to $ 8.52 per share value over 1 year. So the projected value based on current PE ratios of 25 X 8.52 = 213.00 in 12 months.
After hours halt in selling was before the press release on earnings so it was natural to expect a fall.
The key areas to look at is that asia which has 2/3 to 3/4 of the world population had an increase of 12 to 18% of sales which will increase even more. Its obvious that domestic sales no longer drive Intel and that the analysts have gotten the story wrong again!
The stock split reinforces managements confidence in the company and they continue to have inovative products which no one can readily surplant.

Thanks for your time
Robert
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