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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (84207)6/22/1999 2:11:00 PM
From: Robert Douglas  Respond to of 186894
 
Thread,

Why all this hand wringing over the flurry of cuts in earnings estimates?

Zacks still lists 33 analysts following the stock with a range of estimates for 2000 between $2.36 and $3.07. Most of the recent cuts that I have seen are dropping the 2000E to around $2.50. Using this estimate and a $57 price for Intel gives you a P/E of 22.8. The market, as measured by the S&P 500, is trading at 29 times estimated earnings for the year 2000. [I'm using ML's Bruce Steinberg's estimate of $46.5] Intel needs to rise by one-fourth just to get a market multiple.

-Robert



To: Paul Engel who wrote (84207)6/23/1999 1:33:00 AM
From: t2  Read Replies (1) | Respond to of 186894
 
Paul, thanks for your analysis. I also feel that while maintaining control in the high end chip market, they have been taking away market share from AMD in the low end.

Might be ready to finally buy again. I am going to give it a few days.

Regards.


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