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

To: Mary Cluney who wrote (68717)	11/18/1998 3:03:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

Mary - Re: " Using Kurlak's unit esitmates Intel will earn 4.15 per share as opposed to Kurlak's estimate of $3.60. That would give Intel a 24 PE same as the average for the S&P. " Kurlak's $3.60 estimate assumes FLAT EARNINGS. Intel just posted $0.89 and pre-announced an 8 to 10% revenue increase as well as a few per cent increase in gross margin. That means that Q498 will be well above $0.90 (= $3.60/4). Depending upon overall business conditions, Intel could wallop Kurlak's estimate. Current conditions indicate that near term, Intel will do this. As you know, "long term" may be different. Paul