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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (10615)	7/16/2003 5:40:35 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95487

As you said, it was a decent report. But... Just taking a few notes from the Briefing.com report. <Interestingly enough, Intel confessed that it is still not seeing signs of economic recovery, a big upgrade cycle, or information technology budgets increasing.> And... <Be that as it may, it believes* there will be a shift back to more normal seasonality in its own business where the second half of the year grows more than the first half of the year shrinks.>* Sounds a little shakey to me - like betting on the come. We'll have to wait and see if this really happens - right now the "market" is more than willing to believe. <.... and considering that its current stock price discounts a meaningful recovery that has yet to happen.> As I posted lask weekend, INTC closed at 23.34, First Call next year earnings were 0.81 for a next year PE of 29. Today INTC closed at 25.31 raising next years PE to 31. INTC has a lot to live up to. No "hiccups" allowed!:) Don