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Technology Stocks : Intel Corporation (INTC)
INTC 46.95-2.8%Jan 16 3:59 PM EST

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To: RayW who wrote (12701)2/28/1997 12:42:00 AM
From: Chuck Martin   of 186894
 
Ray, Re: "It is not the right time to invest on INTC."

I must strongly disagree. I've been buying heavily at these prices. Even if INTC plummets to a pre-split $80 (very unlikely), it doesn't matter when you have a long time horizon. In five years, I fully expect the price to be triple today's (and that's a minimum).

I am an investor, and not a trader. The fundamentals of this company are astounding! It has a near monopoly on a very important product, the x86 microprocessor. Last quarter, they reported 63% profit margins! Most other companies would kill for half that much. As another poster noted, Intel reported that their profits are on track. Since Intel always makes conservative estimates, they'll probably be on the positive earnings surprise list during reporting season.

Nonetheless, you are entitled to your opinion. That's what makes a market. Good luck with your strategy.

Chuck Martin
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