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

To: Mary Cluney who wrote (62038)	8/7/1998 12:55:00 PM
From: John Carragher	Read Replies (1) \| Respond to of 186894

are you still holding Presstek?

To: Mary Cluney who wrote (62038)	8/7/1998 2:24:00 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Mary, I assume from your post that you think valuation does not matter in regards to Intel. No, this isn't the Presstek thread, but a philosophy like that belongs there. The point about valuation is that Intel today has little room for error. When it was previously at this multiple, the stock declined--the first time for a very stupid reason (the Pentium 'scare') and the second time for a very good reason (earnings growth problems of debatable origin). But it still declined. At $88/share and with earnings visibility low, the upside is much more limited than the downside.