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To: Andreas who wrote (90367)	3/19/2001 10:26:57 AM
From: John Koligman	Read Replies (1) \| Respond to of 97611

Andreas: I posted this tidbit from Barron's over the weekend on the Intel thread. $18 does sound a bit low but if you look at Intel's PE history 40 is way over where it has traded over the years. So, if in fact the company does come anywhere near the projected earnings numbers here, who knows?? I'd say mid to low twenties as a bottom guess if things continue downhill. It's already trading at the 26 and change level today. Regards, John View Next 10 Messages \| Previous \| Next To:Amy J who wrote (130236) From: John Koligman Saturday, Mar 17, 2001 1:25 PM View Replies (2) \| Respond to of 130354 Barron's press on Intel this week in it's cover article on tech... John Intel, as noted above, has held up well this year, declining 7% to around 28, despite a sharp reduction in 2001 profit estimates to 71 cents a share from over $1.50. Intel's price/earnings ratio, which stands at 40, hasn't declined much since the stock peaked at 75 in September because of plunging profit estimates. Back in September, Intel fetched 45 times its eventual $1.65 a share in profits for 2000. Those 2000 earnings, which were boosted by about 35 cents in investment gains, could be a high-water mark that Intel may be unable to top for many years. If it earns 71 cents a share this year, Intel's profit will roughly match what it earned back in 1996. At this point, Intel may be trading more based on its stellar reputation than anything else.