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

To: Michael Bakunin who wrote (92813)	11/18/1999 1:10:00 PM
From: Robert Douglas	Read Replies (1) \| Respond to of 186894

I think your estimates are not unreasonable, but I mistrust that P/E's of 30+ can't last. I agree that this is really where the argument lies. Will P/E's of 30+ be proven to be reasonable and long lasting? Since this debate is not only applicable to Intel but to much of the market these days, I will leave its discussion for a different forum. I, for one, believe that the market is at the upper limits of its valuation but don't see any cataclysmal reversal of valuations either. I anticipate greatly reduced returns from the market in general the coming decade but still think that holding many stocks will prove profitable. Thanks for your response. -Rob