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

To: SouthFloridaGuy who wrote (66447)	10/13/1998 5:14:00 PM
From: Mo Chips	Read Replies (3) \| Respond to of 186894

<<You guys are screwed.>> Perhaps you could elaborate on your insightful analysis. No wait, I forgot, you can't. You don't have a clue what you are talking about... Mo

To: SouthFloridaGuy who wrote (66447)	10/13/1998 5:22:00 PM
From: Tim McCormick	Read Replies (6) \| Respond to of 186894

EPS is poor indicator of performance, financial engineering is rampant. For INTC this quarter- R&D fell as a percent of revs. Operating income was down on a nonshare adjusted basis. Capex was down 40%. Capex was less than depreciation. Stock repurchase was up 700%. Core seasonally adjusted quarterly EPS is running about .80c with no growth. .80 x 4 = $3.20. At 5% long bond max pe on no growth is 20. 20 x $3.20 is 64. INTC is worth max of 64. Would have had to do $1.02 this qt. to be worth 82. Maybe those "stupid" pros on instinet do their homework. Flame helmet on. Best wishes, Tim