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Technology Stocks : Intel Corporation (INTC)
INTC 36.78+2.7%3:59 PM EST

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To: David Glynn who wrote (14211)3/15/1997 10:43:00 AM
From: Road Walker   of 186894
 
David, re: Intel valuation

You might want to work the following into your PE valuation figures:

The average of the years highest PE's 1989 through 1996- 17.40
The average of the years lowest PE's 1989 through 1996- 9.25

It has only been very recently that the street awarded Intel a PE over 20, and they may be re-thinking that at this time, judging by the stock price.

John
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