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

To: yard_man who wrote (68744)	11/19/1998 10:09:00 AM
From: E. Mark	Read Replies (2) \| Respond to of 186894

Fleckenstein has been citing Intel's market cap as absurd as long as it has been around. I think he's been singing the same damn song since I've owned the stock and my cost price is 12. Though Greenberg and Kurlak are in the same league, I've never seen a more negative person. The guy worries too much about his hair to see real value in equities.

To: yard_man who wrote (68744)	11/19/1998 11:00:00 AM
From: L. Adam Latham	Read Replies (1) \| Respond to of 186894

tippet: Re: I agree with the author that it is rather absurd for INTC to have a market cap that is larger than the whole PC business's annual sales... What's your reasoning (and Fleckenstein's) for judging the absurdity of a market cap by comparing it to one year's sales of an industry (is it just a hunch, or is there a precedent for doing it this way)? The traditional practice of estimating the value of a company by calculating the discounted present value of all future years' projected cash flow seems more logical and methodical, but probably would require Fleckenstein to do a little work. :-) Adam

To: yard_man who wrote (68744)	11/19/1998 11:32:00 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

Tippett,>>>What is deceiful about the quote? <<< 1. It pretends to make a definitive or important statement on valuation based on some superficial opinion. 2. It is really incumbent on Fleckstein to support his statement: >>>and it has virtually no market share in the low end, which is the fastest-growing segment of the market.<<< What data is he citing for this. Is this just some intuitive opinion? If so, state that it is opinion. Don't pretend that there is credible data to support this contention. Regards, Mary