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

To: Technician who wrote (45199)	1/13/1998 5:14:00 PM
From: pwrmstr	Read Replies (1) \| Respond to of 186894

I agree, PEs move the opposite way of interest rates. Few people on Wall Street today were around the last time inflation was this low. As interest rates continue to decline as they should, Intel should experience a PE expansion towards 25-30 IMO. The notion that a company's PE should equal its growth rate applies when long term interest rates are 8-10% as some recent Smith Barney research shows. In the 1960s when interest rates were below 5%, growth stocks traded at over 2x their growth rate.