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

To: Jim McMannis who wrote (89435)	10/4/1999 12:20:00 PM
From: Harry Landsiedel	Read Replies (1) \| Respond to of 186894

Jim McMannis. Re: "Darn, I thought Barrons was going to give us another buying opportunity!" Maybe somebody did the math and learned that Mr. Palmer made a significant math error. Mr Palmer said: "By comparison, the S&P 500 index trades at roughly 1.5 times 1999 growth estimates."This is NOT TRUE. Go to the following site and you will see: quicken.excite.com The last chart shows Intel's PEG at 1.62 based on 1999 consensus earnings estimates ($2.30). It shows the S&P PEG at 3.86. Palmer goes on to say, "This is significant, because Intel has long tracked the S&P pretty closely on this measure. Great! In that case if he had done his math right he would have reached the conclusion that Intel is trading at about half of the S&P number and is seriously undervalued. I wonder who is editing over there at Barron's? HL