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

To: Mohan Marette who wrote (38758)	11/3/1997 10:45:00 AM
From: Jeffrey Thompson Hunter	Read Replies (1) \| Respond to of 186894

Just curious:who got "please join us..Nov 5,1:30 paci,conf call w/A Grove"..call 4 password,etc?jh

To: Mohan Marette who wrote (38758)	11/3/1997 12:34:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 186894

Mohan, Re: " The more people they encourage not to buy these stocks,the more people they to buy the crap they promote " . You are 100% right.The best answer can be found in today'S WSJ editorial on the true value of Intel: www3.techstocks.com Some quotes: " Are stocks fundamentally overvalued? Is last week's turmoil the beginning of a sustained bear market, as stocks return to "normal" valuations? Almost certainly not. The world's equity markets have been driven to today's levels for good reasons: The cost of equity capital has declined, and the value of intangible capital assets has increased dramatically "........ ..... "INVESTORS ...[ that's the SI Intel thread Mohan, < GGG> ] ....know this -- but we ...[ he is referring to H&Q, Tom Kurlak and all the good ol' brokers gang ].....have no accounting methodology for recognizing the value of investments in intangible assets. As companies accelerate spending on intangibles to capture global opportunities, "earnings" are being understated while returns on book equity and market-to-book and price/earnings ratios are being overstated. In other words, CURRENT STOCK MARKET VALUATIONS....[ HE IS TALKING TO pAUL FIONDELLA, GG ]..... are more reasonable than they appear ".... ...." As companies are learning how to use their intangible assets by moving them around the world -- through licensing agreements, alliances and other strategies -- they are also learning how to create and hold OPTIONS -- making INVESTMENTS in brands, TECHNOLOGIES, local market knowledge and so forth in order to stake claims on future global opportunities. Increasingly, investors are placing value on these OPTIONS "....... ..." Thus, we believe that many companies with high market capitalizations have real option value built into their stock price. When a company is a standalone, this option value is transparent. The Internet search company Yahoo! has a market capitalization of $1.4 billion on annualized revenues of about $70 million and a book value of $110 million -- clearly a reflection of its OPTION VALUE "... .... " Less obviously, companies like General Electric, Smith Kline Beecham, I N T E L and Citibank HAVE REAL GLOBAL OPTION VALUES built into their market capitalizations ".... ....." These developments have outstripped the financial accounting conventions [ of Tom kurlak, H & Q ], the capital budgeting methodologies and even the mental models most firms use to run themselves ". ......." Investors [ Vinod Khurana and all the hopefull " bottom feeders " - gg, not a pejorative term; I 've done that a lot; ]hoping for the market to fall to levels that feel more "normal" ARE LIKELY TO HAVE A LONG WAIT !!!!!!!....".