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

To: GVTucker who wrote (153420)	1/1/2002 12:10:08 AM
From: ild	Read Replies (1) \| Respond to of 186894

<<even if tech collapses, it won't go away>> GV, I think you are talking about tech stocks but people may think you are talking about collaps in tech businesses. Many people think that if a company has a P/E of 10 it's not good for it's business. In 1989/1998 INTC had average P/E of 14, P/S of 3.2 and it was growing its sales 30% a year. Now - P/E of 75, P/S of 8, no revenue growth for a few years. Intel is a good business, it's not collapsing, but the stock is overpriced.

To: GVTucker who wrote (153420)	1/1/2002 10:51:43 AM
From: Mary Cluney	Respond to of 186894

GVTucker, <<<Without a lot of things America will be in deep, deep trouble. Fortunately, even if tech collapses, it won't go away. Just like we're still able to power our cars and our power plants even though the energy industry collapsed in the 80's. >>> The difference is: Railroads came and went and was replaced more or less by alternative means of travel. Fossil fuel is here, but it will also go away and be replaced by something else. Technical IP, however, is here, but it is not going away. Where technical IP goes, money will follow. As long as Intel maintains it's technical leadership, manufacturing capabilities, it doesn't matter if the global economy goes into the toilet - Intel will maintain high valuations. If the economy rebounds, Intel will be worth a lot more. If Intel does not maintain its technical leadership, it doen't matter what happens to the global economy - Intel will be worthless. Intel is currently the world leader and it's not easy to overthrow this leadership position. Otherwise, some Arab Sheik with a lot of petro dollars would have done so long ago. Mary