Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.96

+1.7%

10:57 AM EST

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To: MichaelW who wrote (9013)	1/22/1997 3:34:00 PM
From: Brian Malloy	of 186894

Michael, Just a little history. I like Intel, I own Intel, It will continue up. However, it appears that you have only owned this stock for a year since you brought it in the 50's. What will you do if the stock drops 30%? What happens if the "street" says INTEL - chipmaking is once again a cyclical business. Historically, INTEL's PE ratio was in the 11-14 range because it was considered a cyclical. Then over the past few years it has been considered a growth type company and the PE has surged into the mid 20's which has allowed the market cap to double and thus the stock price has had a strong sustained move up. Personally, I'm looking for $210 minimum by the end of this year on a pre split basis for INTC. IMHO Brian Malloy

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