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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (38446)10/18/2000 8:11:27 AM
From: orkrious  Respond to of 70976
 
I thought INTC earnings might reverse the market later today.

Even though I love AMAT, I think INTC is toast. According to Herb Greenberg at TheStreet.com, INTC forecast flat microprocessor growth for Q4 over Q3 (this in a usually strong Q (my thought) and 38% of their Q4 earnings will come from investments (assuming the market holds up)).

INTC doesn't deserve much more than a 20 multiple on core earnings, especially in this market. Don't look for it to turn around anytime soon. IMHO, it will be in the low 20s in a year.

Jay



To: michael97123 who wrote (38446)10/18/2000 10:20:51 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
re: Just heard merril and csfb downgraded intc so "Never Mind"

The other half of Wintel is doing OK also, and not getting rewarded, either.


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