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

To: Harry Landsiedel who wrote (102252)	4/12/2000 7:54:00 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Harry, re: Intel's valuation Thanks for the very good analysis. re: "Truth to tell, I don't know the answer or have an educated opinion. However, two things are clear: 1) there is little doubt that Intel is at the very high end of its value range recently, which may explain some of the recent decline, and 2) it has never paid to underestimate Intel's ability to grow." Intel recent multiple expansion is the result of one or both of the following: 1. Improved prospects for growth 2. In sympathy with the multiple expansion (mania?) for all tech stocks. As a point of reference, as of last Monday, the PE for the S&P 500 was 31.42 vs. 35.76 one year ago. Earnings growth for the big cap US stocks has actually exceeded the growth in stock prices over the last year. Techs, obviously, are a different story, but maybe for a good reason. The question that all Intel investor should have is if growth is accelerating enough to justify the current PE. I don't know, but I hope we get a good indication on 4/18. John