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

To: Dan3 who wrote (153335)	12/30/2001 1:40:11 PM
From: bambs	Read Replies (1) \| Respond to of 186894

it's clear to me that the earnings and revenue spike of late 1999 and 2000 were "bubble earnings". We are now returning to a normalized environment. The share price of INTC shows bulls are expecting a return to a bubble. Even if we just look at the proforma earnings, INTC is more expensive then ever. Actual earnings are terrible. I expect the p/e will be well over 100 when this quarter is reported. Could even be as high as 200. There is no reason for any dramatic upgrade cycle coming. There is not going to be any major growth for intc. Only a never ending price war with AMD. Decreasing margins, decreasing profits. I expect the layoffs to pick up in the new year. I think we will here that INTC will be cutting it's work force. Consumer spending will drop hard in the second half of 2002. The stock market will drop in the first half the year and lead to a major drop in Consumer confidence and consumer spending. Chapter 11's will increase this coming year. Business will continue to cut capex spending. Production capacity will continue to sit idle and prevent margins from improving. It's my opinion that only a pure gambler would pay more then $10 a share for INTC at this time. Bambs