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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (32558)	9/12/1998 1:00:00 AM
From: Dwight E. Karlsen	Respond to of 132070

I don't deny that the stock is expensive, even from INTC's own historical trading range in re PE ratio. But so is KO, AMASCAM, YHOO, etc. INTC at least should have some bonus for having a legitimate ongoing market. (where with AMZN et all, nobody really knows if they will every make a penny in profits; if the business model will work. INTC's model not only works, but INTC execs are uncannily accurate in providing concise long-range guidance. For example, they've said for literally years that gross margins would trend somewhat lower, to average around 50%, plus or minus a couple of points, a few at most, or words very close to that. And they've been right.