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

To: gnuman who wrote (54550)	4/26/1998 10:52:00 PM
From: TTOSBT	Respond to of 186894

Gene, Re: >"But if Intel's 1998 earnings do come in at consensus of $3.25, it's trading at an anticipated P/E of 26. In other words, to maintain the current share price in January, the P/E must increase to 26."< Or to put it the another way. To maintain the current P/E of 19 the share price would have to fall or the earnings would have to rise. Now that is what the MM's or investors are trying to do -maintain a P/E below 20 for Intel. Why this is, is anyones guess I suppose? IMO the key is company (who have been conservative) guidelines as oppose to analyst (who change with every earnings report) consensus. Now that is why I believe the investment public should give Intel higher P/E. Because a conservative company not only stated that future earnings will improve but they called a special meeting to reiterated it to analyst who they no doubt felt got it wrong at the CC IMO. Unless of course the belief is that the company is trying to manipulate their stock price higher? Can you imagine Intel doing that? TTOSBT