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


To: Diamond Jim who wrote (53115)4/14/1998 6:44:00 PM
From: EL KABONG!!!  Read Replies (2) | Respond to of 186894
 
The reasons for the institutional optimism:

1) Celeron comes out tomorrow; analysts expect INTC to recover low end market share.

2) INTC trades at a discounted P/E to S&P as well as semis in general, INTC PE= 20.45, S&P=24+, Semis=25+

3) Higher end Pentium coming out tomorrow.

4) 3,000 reduction in employees; analysts see this as margins positive.

5) INTC still owns 85% to 95% of the market.

6) Buy good companies on bad news (in this case, flat earnings for the foreseeable future).

KJC