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To: Darren who wrote (58629)6/24/1998 9:50:00 AM
From: gnuman  Read Replies (1) | Respond to of 186894
 
Darren, re: "Remember, INTC was over 90 before warning March 4, 1998."
Also remember, the consensus for '98 was $3.97 before the warning. It's now $3.17. The forward PE would have to reach 28+ for a price of $90.00 vs a PE of 22 prior to the warning.
And with consensus for '99 and'00 falling below '97 actuals, I have to wonder.
Hope you're right, though. :-)



To: Darren who wrote (58629)6/24/1998 10:47:00 AM
From: Francis Chow  Read Replies (2) | Respond to of 186894
 
I agree with all your numbers, but what nobody seems to be picking up is that the stock is undervalued based on those "revised" estimates.

How so? Historical P/E is 15:1. Revised estimates around $3.00. Even at a P/E of 20:1 that gives a price of $60. It's not rocket science.