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


To: Carmine Cammarosano who wrote (42638)12/17/1997 10:33:00 PM
From: Dale J.  Respond to of 186894
 
<<I am looking to buy at $60 range...that would put me in the 12 to 15 multiple where I think I can make money...multiple of 20 is too high for Intel(historically speaking)...good luck...>>

Carmine:
Perhaps you are right. At this point I will hang on though.
I am concerned about the competition intensifying. When the IBM PC was cloned, it didn't take long for IBM to feel the pricing pressure.

On the other hand Intc has great management and Cyrix and AMD are the last remaining competitors. Both are losing money, although Cyrix gets new blood with NSM. And neither is a competitor in the higher end market segment. Maybe cpq and IBM just want to keep AMD alive to keep Intc from exerting total control over the market. I guess time will tell. Dale
Dale



To: Carmine Cammarosano who wrote (42638)12/17/1997 10:34:00 PM
From: Jay  Read Replies (1) | Respond to of 186894
 
Re "(historically speaking)"

Don't forget that the market is at a historically high PE and Intel's
PE is below the market