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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (64527)	7/13/1999 8:59:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

PC, I simply have trouble paying 30 times eps for cos. that don't grow a lick. It is not personal with the others, though I do hate MU. Simple fact, they are doing lousy as businesses and great as stocks. The question is if all the idiots are already aboard.

To: PaperChase who wrote (64527)	7/15/1999 12:03:00 PM
From: cfimx	Respond to of 132070

I agree with you... Once again, the "disaster de quarter" didn't arrive for Intc. Sure they missed the stupid number. But when you look at the results, this company earned over 40% on operations in its core mpu business, which includes low margin stuff like graphics chips and motherboards. Some commodity, huh? The stock trades at a market multiple for gosh sakes (25 times 00). Why is the stock up since 97 as growth has slowed? Check where interest rates were in 97. Meanwhile, IDT and Cyrix are dropping out or regrouping, and AMD is, as usual, taking on water. intc is generating a ton of cash, has a fantastic balance sheet, is repurchasing shares, and is busy diversifying via acquisition. intc, continues to have a monopoly at the high end (xeon). And don't talk to me about amd. SOMEBODY has to pay intc for the chips that go into these free PCs, which, like "free" cell phones, will pump up unit growth. Intc just needs to control costs on Celeron. Everyone has been saying how bad things are in PC land. You're supposed to BUY in bad times, not put. Now, Asia is recovering, and Intc management is positive about the second half, about the time "nuclear winter" is supposed to set in. hmmm. signed...not an intc holder but willing to look at this thing rationally.