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

To: Logain Ablar who wrote (86286)	7/28/1999 7:08:00 PM
From: Fred Fahmy	Respond to of 186894

Tim, OTOT (re: CSCO) <But CSCO sounded awfully optimistic on their last cc.> I'm not surprised, they have a lot to be optimistic about. Please don't get me wrong. Like I said, I think CSCO is one of the premiere companies in the world and they do have a tremendous future. But I think everyone would agree that at some point any stock can reach a point of being overvalued by his or her standards. IMO, CSCO passed that stage quite some time ago...but hey...that certainly doesn't mean that the stock isn't going higher. BTW, if INTC has a P/E of 50 right now, I would consider it overvalued. Doesn't mean I would sell (I might sell covered calls), but I wouldn't buy more and I wouldn't recommend it to a friend at those levels. Oh well, who knows...perhaps a year from now CSCO will have a P/E of 200... We all have to live with our own valuation criteria. Good luck, FF