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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST

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To: Tony Viola who wrote (73496)2/12/1999 12:38:00 PM
From: Chris Carlson  Read Replies (1) of 186894
 
Hey Tony,

re:FWIW, according to First Call, last update I have on 1/30/99, $5.10 is the highest estimate of 33 they track. The low is $4.37.

Splitting the difference, we arrive at 4.73. Let's say Intel earns exactly that this year. Then we have a forward PE of @26-27. Pretty good, IMO, relatively speaking of course.

I bet Intel beats 4.73 for the year (judging from this past Q and the guidance given in the CC). If they hit 5.10, then we're looking at a PE of 25-26. This is historically high for Intel, but cheap compared to the market.

Convoluted logic? Perhaps.

Chris
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