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

To: Amy J who wrote (93718)	12/9/1999 9:32:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

Amy - Re: "Are you thinking of buying INTC? I got some today at 72 3/4. Maybe too early? " I sold some January $65 puts and will be buying more stock if Intel drops into the mid $60s. Just how bad can an investment be in the US's 3'rd most profitable company, pocketing $1.9 BILLION/quarter, selling at a P/E of around 30, with an investment portfolio currently worth at least $5 BILLION, with $8 or $9 BILLION in CASH in the bank, with FOUR 0.18 micron Wafer Fabs ( and a fifth on its way), with the major market share in Flash memory, 85% of the x86 CPU market, a fully functioning 64 bit advanced SERVER/WORKSTATION CPUs (ITanium) up and running and shipping to customers in sample/evaluation system quantities, a new IXP communications processor, a CDMA Cell Phone CPU supplier (DSP) under its belt, and an upcoming 600 MHz StrongARM processor ? I invest for the future - not for a thrill ride tomorrow. Three years from now, Intel has a great chance to expand its already dominant microprocessor business, expand into the burgeoning Router/Switch/Communications business as the DOMINANT component supplier, and gain significant new market share in the enterprise server and Workstation CPU business where they now have near-zero market share. When everybody in the world shops and communicates and is entertained via the Internet, 85% of them will be doing this with an Intel CPU of one form or another as their main, direct communications engine. Three years from now, I expect Intel to be a $50 Billion company with about $13 to $14 Billion in profits. In three years, Amazon.com is expected to make its first quarterly profit. Paul