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

To: mister topes who wrote (42504)	12/17/1997 12:19:00 AM
From: Paul Engel	Respond to of 186894

Don - Re: " Intel shareholders are in for more misery. " When Intel does recover - 3 months, 9 months out,, etc,... Intel investors will be in for very generous returns on their investment. Think short term - a million things can kill ya! Think long term - Intel's commanding technology, manufacturing and management superiority will prove successful. Picture a Pentium II on a 0.18 micron process in 1999 - at a cost of $25. Intel will make solid profits even on sub $800 PCs when they become the Latest Wall Of Worry for Wall Street Analysts and DumbNut Pundits. Paul

To: mister topes who wrote (42504)	12/17/1997 5:09:00 PM
From: Hank Stamper	Read Replies (2) \| Respond to of 186894

In a previous post, Don Lane wrote: "It now appears possible that Intel will record declining profits in 1998 and could see per share earnings of only $3.50 next year which means the stock is still overpriced at twenty times declining earnings! This p/e multiple is absurd for a company that has traded at must lower multiples (along with other stocks) during recent years. Intel shareholders are in for more misery." So I think the question Intel investors should be asking is: What is the historical p/e multiple mean for this stock? It may also help, I think, to consider the historical varience around this mean? E.g., what is one standard deviation about this mean? Since this is on my mind and I don't know, can someone supply the mean p/e multiple for Intel over, say, the last 10 years? David Todtman

To: mister topes who wrote (42504)	12/17/1997 5:45:00 PM
From: Dale J.	Read Replies (2) \| Respond to of 186894

<<re: This p/e multiple is absurd for a company that has traded at must lower multiples (along with other stocks) during recent years.>> I don't think it's absurdly high. Intel is still in a long-term growth mode. Intel is just beginning its foray into the high-end enterprise Server market. Intel has turned all former competitors (Digital, HP, IBM, Sun, NEC, Fujitsu etc.) into partners. The Internet is a recent global phenomenon. Intel will continue to be a big part of it from PC's to Servers. They also just announced they intend to be a big player in the Networking arena. They said they have have already made substantial progress outside the US in becoming a dominent player. Barring a global economic crisis, I think the selling is overdone and we will see new highs by late Spring. January Earnings/forecast will dictate where we go for the short-term, but l/t its up, up and away.