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

To: Thomas J Pittman who wrote (54477)	4/25/1998 6:01:00 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

J, >>>Was the PE of 18.4 based on trailing earnings? <<< According to Barron's Andrew Bary the P/E was determined by dividing the market value by the trailing 12 month profits according to data compiled by ISI Group in New York. But in Alan Abelson's column - referring to the same chart - Abelson wrote that the table is the handiwork of George Gillman, "who puts out an excellent quarterly, The Business Picture". So I would not be surprised if they made a mistake. Leave it up to Barron's to confuse the issue. They have all week to put out their rag and they can't seem to get their numbers straight. Mary

To: Thomas J Pittman who wrote (54477)	4/25/1998 6:10:00 PM
From: Harry Landsiedel	Read Replies (1) \| Respond to of 186894

Thomas Pittman. Re: Intel's PE. I don't know the source of the 18.4, but Value Line just published an Intel PE of 22.7, based on earnings of $3.20 in 1998 and a $75 price. They base their pe on the past six months earnings and the next six months forecast, so it will change every quarter. Either way, Mary's point was these PE's are a lot lower than most other top flight companies in the technology or any other industry for that matter. Most other blue chips are sporting PE's two or sometimes as much as three times there growth rates going forward. Intel's is argueably equal to or only slightly above its future growth rate. HL