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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (21817)	10/17/2001 9:14:13 AM
From: Steve Lee	Respond to of 52237

Despite my previous post, INTC is overvalued IMO. The point was that INTC would be a good hedge against a short QQQ position, in case the bubble revival picks up strength.

To: Paul Shread who wrote (21817)	10/17/2001 1:48:12 PM
From: Arik T.G.	Read Replies (2) \| Respond to of 52237

Intel is one of the few stocks on which I have a strong FA opinion to share. It's been a couple of years that I failed to understand valuation given by the market to this company. To me it was obvious that the core business (CPUs), although it could keep growing in unit shipments, has a serious problem of price per unit (PPU), and therefore gross margins of '98-'00 are not sustainable. The fullest price I could bring myself to think of for INTC BEFORE Sep 11th was $17 a share. Now that they foresee $6.2B revs for Q4 even that price seems bloated. ATG