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

To: StockMan who wrote (38454)	10/30/1997 11:49:00 PM
From: mister topes	Read Replies (2) \| Respond to of 186894

It does not matter what you post about Kurlak. The fact is I was on the Kurlak Merrill Lynch call when he questioned Intel's ability to make the quarter. I immediately sold my entire Intel position at $93+ and took a profit on the stock. I was especially concerned about Kurlak's point that consumers were buying low priced personal computers and Intel could have mucho trouble getting buyers to pay up for P-II based machines in 1998. This is the reason he is forecasting a possible down earnings year in 1998 with a low estimate of as little as $3.60. That would make the current p/e on Intel at 76 a very hefty and generous 21X next year. If Intel cracks the 72-73 support level for real (not like Tuesday) Intel shareholders could be in for a very unhappy experience. Intel at this multiple? No thanks. I am happy with my $93 saleprice.