Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Skeeter Bug who wrote (73406)	1/12/2000 10:46:00 PM
From: Fred Fahmy	Read Replies (1) \| Respond to of 132070

Skeeter, <fred is arguing for the new, you are arguing for the old.> Actually, I am arguing for something in the middle. I have always thought that Intel was traditionally undervalued because WS wasn't smart enough to separate Intel from the commodity chip makers (e.g. MU). If I was arguing based on the new paradigm, INTC would be trading at several hundred <g>. FF

To: Skeeter Bug who wrote (73406)	1/12/2000 10:59:00 PM
From: Fred Fahmy	Read Replies (2) \| Respond to of 132070

Skeeter, Here's a post on this thread from July which pretty much still summarizes my opinions: =========================================================== Skeeter, Intel's long term (at least the last 6 years) growth rate is 28%. Their current growth rate is about 30%. I don't think their P/E is out of line at all vs. their fundamentals. I don't think Intel is terribly undervalued but I do think it is worth 80 by year end. I also think relative to most, if not all other semi's, it is a steal. Intel use to have a P/E much less than it's growth rate. This was despite it's dominant leadership position. IMO, the current P/E is much more reasonable and should have been in place many years ago. Many of you believe that the entire market is way overvalued (of course some thought so 2 or 3 years ago too <gg>). I happen to believe that there is a lot of excess in the current market. With all these excesses, I don't understand how Intel can even show up on your radar screen. I believe Intel's current valuation is about right relative to it's fundamentals and future prospects. I think MU and most semi's, all the internet stocks, many of the big blue chip non-techs are ridiculously overvalued. I think IBM's valuation is a joke. I think EMC is overvalued as is CSCO. I think there are lots of stocks which are overvalued which many bulls would defend. I do NOT think INTC is overvalued. FF