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

To: Mary Cluney who wrote (62414)	8/13/1998 10:03:00 AM
From: Gary Ng	Read Replies (1) \| Respond to of 186894

Mary, Re: They have to step up to the next level - the Microsoft level If Intel reach that level, I don't know what I would buy. I always tell people that Wintel is a sure bet but because I don't like Microsoft's style, I only buy INTC. I prefer Intel's accurate estimate rather than Microsoft's guaranteed to be beaten number. Gary

To: Mary Cluney who wrote (62414)	8/13/1998 7:12:00 PM
From: Road Walker	Read Replies (2) \| Respond to of 186894

Mary, re: "That is more management than art or science" Or maybe it could be call "more cooking the books" <g>. Seriously, MSFT has their deferred revenue account which allows a lot of fudging in any individual quarter, I'm not sure but I don't think Intel can do the same. 85%+ GM and revenue that doesn't require additional R&D cost (MSFT) can do wonders for creative accounting. If only Intel could copy it's chips on CD's instead of silicon. But, I was really referring to their demand forecasting and it's subsequent effect on revenue and profit. Sorry if I didn't write my post well. I do agree that Intel could manage street expectations better. It could be my prejudice, but it seems like other companies get away with more, maybe they have better relationships with the analysts, maybe they whisper changed expectations to the analysts as the quarter progresses. Intel always seems to drop an unexpected bomb with their news, which isn't too good for the analysts that are supposed to be "experts" and "in the know". I do agree that a company that has no surprises deserves a higher PE; it has significant added value to investors. Lets see, if Intel had MSFT's PE, it would sell for... John