SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Fox who wrote (58856)6/26/1998 2:04:00 PM
From: L. Adam Latham  Respond to of 186894
 
Jeff:

Re: Francis, re: consensus estimates call for earnings to decline 18% this year before rising 21% in fiscal 1999 to $30 billion.

I'm all for the fast-paced news reporting on the Internet, but the fact-checking is horrendous, even for "respectable" publications. This morning WSJ Interactive reported that the "[GM] strike has already cost the automaker more than $700, and if the walkout continues into July, the financial hit will top $1 billion". You have to read very carefully.

Adam



To: Jeff Fox who wrote (58856)6/26/1998 4:34:00 PM
From: The Vinman  Read Replies (6) | Respond to of 186894
 
<<estimates call for 21% rise in 1999>>

ANALysts are always much more optimistic looking out so those numbers will come down, and INTC has major problems with their business model.

PC makers are producing cheaper machines and demanding lower chip prices, Europe is slowing, and competition from NSM and AMD is intensifying. AMD has announced that IBM will produce K6, and NSM is developing a less expensive chip that could push PC prices below $400 in 1999, bad news for INTC.

Also, Sun Microsystems with the UltraSPARC III microprocessor, available in late 98 or early 99 will put pricing pressure on the delayed Merced chip.

INTC made .72 vs. 1.10 a year ago in the last quarter, and even though they will make or even beat lowered estimates, the days of domination and substantial profit growth are over. INTC has become a large stogy tech company, and their is much better value in other areas of the market...

Vinman



To: Jeff Fox who wrote (58856)6/26/1998 9:56:00 PM
From: Francis Chow  Respond to of 186894
 
In that case I'd say Intel is a bargain at 76 - In fact Intel would be a bargain at $500 :)

Depends on the number of outstanding shares, I think.

But, you're right. Intel will one day be worth a lot more than $76 - if you're an investor you should load up (that's why Edelstone rates the stock a "strong buy" even though he thinks it will see the low 60's in the short term).


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News