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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST
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To: RayW who wrote (12696)2/27/1997 11:34:00 PM
From: Kashish King   of 186894
 
They are on the verge of several new lucrative technologies as they continue to clean up based on exponential growth in the large to medium server market. Microsoft's NT combined with the Intra/Inter networking explosion are providing Intel with more business than its every seen. The incredibly low PE makes this a bargain anywhere under $200 and plenty of people with hundreds of millions riding on this are calling for exactly that. The only reason the stock is down is the meteoric rise over a very short period of time is just too tempting given the downward pressure in the broader markets in the past few days.

You need to get your head examined if you thin INTC is going to be trading at a single digit PE. There are a lot of very smart people out there calling for $200 before the next earnings announcement so don't hold your breath on $80.
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