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

To: Thomas G. Busillo who wrote (62923)	8/20/1998 8:36:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 186894

From today's Gospel According to Kurlak: "At 32 times our 1998 earnings estimate, Intel's stock is rich relative to our estimated future earnings growth rate of 7%," he said in a missive to clients Thursday. "It is not rich relative to its past growth rate of 30% and therefore, investors are re-entering the stock expecting a resumption of the past trend in 1999." thestreet.com Could someone please possibly hunt up the research note from the Spring of 1997 in which Tom "the best there is" Kurlak laid out his reasoning for why he was increasing his growth rate to 30% (35%?) back then and post it. What the Tom Kurlak cult seems to be forgetting is that Kurlak was ludicrously behind the curve in terms of understanding the emergence and impact of the sub-1000 PC, in much the same way he is now past the curve and off the cliff in reasoning that competition for the sub-1000 market will lead to a long-term growth rate of 7%. Good trading, Tom