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

To: tejek who wrote (102436)	4/17/2000 2:46:00 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

Hi Tejek, Re: your question on earnings I agree with John's post and believe Intel will do fine on the earnings because of Craig Barrett's comment in an article posted on SI. He sounded quite bullish about demand. On one of the message boards on CNet (I think it was Motley Fools), a poster created a poll (neat feature) on this topic. Only one person said Intel would miss, while everyone else said Intel would meet earnings. A couple voters said Intel might have an upside surprise. Even though Intel does good, this doesn't mean the market will respond favorably, e.g. Sun. However, Intel is one of the top market cap leaders, and good earnings from both Intel and Microsoft could have a strong influence. I would be very surprised if both did not have good earnings. However, the recent drop is finally making folks look at the valuations on some of these companies (namely, the dotcoms whose P ~ epsilon). From a valuation standpoint, MSFT is beginning to look pretty good to me, even on a historical basis. It also held up better than most stocks on Friday. Intel has a slightly different story, in that it's PE is historically about 2Xs higher than normal. Having said that, I picked up some INTC on Friday at 110. I had some protective puts which got sold on Friday (these were protecting a part of my INTC holdings from a downside) and they generated some profit which was used to buy those INTC at 110. So, right now, no part of my portfolio is protected if there is a downside. If INTC drops, my portfolio drops with it. INTC is about 58% of my public stock portfolio. Amy J