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

To: RetiredNow who wrote (53656)	4/16/1998 4:55:00 PM
From: John Chen	Read Replies (2) \| Respond to of 186894

Mindmeld,re:"..$60". Looks like TK's "panic number" isn't working too well. I believe TK will suggest INTC be in the TEEN's next time when his clients/bosses need a sale of a stock.

To: RetiredNow who wrote (53656)	4/16/1998 6:31:00 PM
From: Maverick	Read Replies (2) \| Respond to of 186894

do you still believe that INTC will see $67 or lower per share? I am considering diverting some of my cash that I have right now to buying a little more INTC if we see low $60's W/o a market correction, INTC could be in mid to high 60's. 98 P/E = 74.375 / 3.21 = 23 PEG = 23 /20 = 1.15 meaning that INTC trades at a P/E higher than its 5 yr growth rate indicating an overvalue situation. INTC's historical PE is between 10 - 18 in the last 10 years. It's too early to use the 1999 consensus EPS of 3.97 yet. Moving forward, the PC will not be the main driver for semi consumtion but communication, networking, info appliance will be. That's why Andy resigned to focus on finding new appls which may increase demand for more powerful CPU. Right now, a 400+ MHz CPU is overkill for probably 90% of users. In another word, there is no killer app. for the 400+ Mhz CPU yet. That's why INTC is facing a strategic inflection point for which they fail to forsee as manifested by the worldwide weak demand for CPU and the $1K - 1.5 K sweet spot PC. In addition, NW, I/O, graphics, memory bandwidth significantly lag behind CPU's power. Therefore, increasing the CPU power is not the answer as other subsystems are bottlenecks.