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

To: GVTucker who wrote (104742)	6/22/2000 10:55:00 AM
From: Road Walker	Respond to of 186894

Thursday June 22 8:25 AM ET Intel Unit Buys Stake in Hungary's Index.hu BUDAPEST (Reuters) - Intel's(NasdaqNM:INTC - news) strategic investment arm, Intel Capital, has joined other foreign investors in taking a stake in Index.hu, one of the largest Internet portals in Hungary. Intel acquired a ``non-determining'' minority stake, Index.hu said, without disclosing further details. ``Intel Capital, as part of Intel's strategic investment program, carries out investment which help grow the Internet economy, including the infrastructure of the Internet,'' Index.hu said in a statement. Intel's investment comes after German Internet-investment bank net.IPO AG (IPOG.DE) and Hungarian brokerage Nemet Befektetesi Rt -- both belonging to Deutsche Balaton Holding AG (BBHG.DE) -- bought a combined 25.1 percent stake in Index.hu for a total of over 800 million forints ($2.89 million) in April. Index.hu officials told a news conference that the company's short-term plans include setting up a central European Internet service provider company with Polish and Czech partners, with details expected by September or October. Index.hu said the new regional firm would set up a harmonized commercial, e-commerce and e-business strategy, offering regional market opportunities for multinational firms. Index.hu also plans to launch business-to-business services. Index.hu Chairman and CEO Akos Korosi said the company would seek stock exchange listing on at least one foreign bourse and on the Budapest Stock Exchange probably next year. ``We would like to take the company to the bourse as soon as possible, and preparations have started for a listing next year,'' he said.

To: GVTucker who wrote (104742)	6/22/2000 10:18:00 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

GV, I have spent some time defending my valuation logic for Intel Capital. I have yet to see anyone provide any defense for an alternative method other than to use some multiple of reported earnings, which I have already demonstrated is highly flawed. One last question. Using your valuation method, what is the book value of Intel Capitol today? No need for a multiple, just a current book value. Thanks, John

To: GVTucker who wrote (104742)	6/23/2000 5:57:00 PM
From: Amy J	Read Replies (1) \| Respond to of 186894

RE: " my valuation logic " Hi GV, I don't think book value is exclusively used to valuate startups...book value is good for: a) distressed companies out on the block or b) traditional businesses that are not in high-tech and have limited growth opportunity. I believe startups are valued according to an analysis of: - consistency in revenue and profit streams - projected ROI; growth% - comparable valuations of startups in similar industries - team's track record/implementation skills/vision/drive - market size opportunity/valid business model - existing customers - margins - assets - barrier-to-entry; uniqueness/patents; competitive landscape - economic climate (i.e. Greenspan's interest rates, etc.) - market rate: what other investors are willing to pay Regards, Amy J