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

To: Thomas J Pittman who wrote (58844)	6/26/1998 10:23:00 AM
From: Francis Chow	Read Replies (3) \| Respond to of 186894

Thanks. Great link! From the article: Meanwhile, however, consensus estimates call for earnings to decline 18% this year before rising 21% in fiscal 1999 to $30 billion. Thus, the value investors who are beginning to get back into the stock may be premature in their enthusiasm. For now, growth-oriented investors should wait for some good news, such as a recovery in the PC market or an upswing in Pentium II sales and analysts' estimates. That probably won't happen this year -- which is why analysts such as Scott Nirenberski of Deutsche Morgan Grenfell and Mark Edelstone of Morgan Stanley think the shares could dip into the mid-60s. At those levels, the stock would be a strong long-term buy, even if the company's sales are still sluggish.