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

To: Gary105 who wrote (42141)	12/14/1997 12:15:00 PM
From: Barry A. Watzman	Read Replies (2) \| Respond to of 186894

>re:Intc drops to $48 or forward looking p/e of 16 based on new estimates. Not likely but not impossible. If there were not a gap in that region I would not bring it up. I'm sorry, but I think that you and Vinod K. should get together, I think that the presence of a "gap" is ABSOLUTELY, TOTALLY irrelevant. That said, I also think that generally even your scenario would not push Intel down as low as 40. Sixty, yes, low 50's, maybe, but not 40. And, THAT SAID, I do think that there is a 40's scenario, but it involves a worldwide crash, probably triggered by Korean banks failing in large numbers, which brings down Japanese banks, which brings on the rapid start of a worldwide crash, and possibly of a worldwide depression. I think its possible; I don't think it's likely. But, as for your gap, I don't think that the market has any more interest in a gap than a roulette wheel has in what happend on previous spins. Barry Watzman