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


To: James F. Hopkins who wrote (60198)7/14/1998 6:47:00 PM
From: Darren  Read Replies (1) | Respond to of 186894
 
Heck that is 7.5 times more than Yahoo made so being this is the
tech sector INTC should be trading for about $1300 ..<G>

Why GE only had .74 cent on their so called blow out quarter
so why should it be trading so much higher than INTC?


It's true, but INTC is a manufacturing company and hence their costs are much higher than those of YHOO and even GE. In their industry, the P/E is usually 10-20. INTC routinely goes above a P/E of 20, so it is highly valued relative to it's industry -- even more so today when earnings are not keeping up with expectations. If they would just trade at a P/E of 50 like MSFT. Of course, software is cheaper to produce than a microchip...



To: James F. Hopkins who wrote (60198)7/15/1998 2:26:00 AM
From: Dale J.  Read Replies (1) | Respond to of 186894
 
James,

You know there is no logic to the market, if we could put logic
to it every one would make money.
There is manipulation and mutilation , but no logic.
They say don't let your emotions get involved, crap
the market is all sentiment, of one sort or another,
If you could FEEL the feelings you would have it made.


I agree. They say logic can bring you to shore, but it can't make you swim. (Or something like that) :-)

Everyone buys with the assumption somebody else will buy higher. Yahoo is an example.

Dale