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

To: Sam Salomon who wrote (51947)	4/2/1998 7:15:00 PM
From: Maverick	Respond to of 186894

J.P. Morgan said INTC is trading at a PE that is high for this stock J.P. Morgan said its analyst Terry Ragsdale initiated coverage of INTEL CORP with a market performer rating. Personal computer buyers are forsaking high performance for low cost, putting pressure on microprocessor prices and margins, Ragsdale said in a research note. Calendar 1998 is likely to be Intel's first down earnings year since 1989, yet it is trading at a price-to-earnings multiple that is high for this stock, and in line with the S&P 500. Ragsdale's 1998 earnings estimate was $3.15 per share. For 1999 it was $3.85. The 12-month target price was set at $85. Intel remains the dominant PC hardware technology supplier and is not in long-term decline, but growth is likely to be fairly stagnant for the next year or two. (Reuters 11:04 AM ET 04/02/98)

To: Sam Salomon who wrote (51947)	4/2/1998 9:50:00 PM
From: Paul Engel	Respond to of 186894

Sam - Re: "What chances for revenue growth do you see in calendar 1998? Driven mainly by which products/markets?" In Q3 and Q4, new Deschutes processors (Pentium II 350/400 MHz Slots 1 & 2) and Mobile Pentium II - 266/300 MHz may provide an avenue for growth. However, I hope these occupy systems selling for more than $999.99 Re: "If growth should not materialize what is your prognosis for Intel's share price in calendar 1998?" A lot lower than today's price. Paul