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

To: Tony Viola who wrote (73496)	2/12/1999 12:38:00 PM
From: Chris Carlson	Read Replies (1) \| Respond to of 186894

Hey Tony, re:FWIW, according to First Call, last update I have on 1/30/99, $5.10 is the highest estimate of 33 they track. The low is $4.37. Splitting the difference, we arrive at 4.73. Let's say Intel earns exactly that this year. Then we have a forward PE of @26-27. Pretty good, IMO, relatively speaking of course. I bet Intel beats 4.73 for the year (judging from this past Q and the guidance given in the CC). If they hit 5.10, then we're looking at a PE of 25-26. This is historically high for Intel, but cheap compared to the market. Convoluted logic? Perhaps. Chris

To: Tony Viola who wrote (73496)	2/12/1999 12:46:00 PM
From: Chris Carlson	Respond to of 186894

Tony, Continuing with this (and pulling out the ol' calculator). If Intel does hit 4.73$, then we're seeing earnings growth (from '98) of %37 (this is not including special charges, so I believe the operating income would be higher for '98, but let's continue anyway). If Intel garners 5.10$ per share, then we're seeing 48% growth! With a forward PE of 26! I don't have the charges from last year readily available. They would increase last year's # and decrease the growth rate (not telling you anything new, I'm sure). Anyway you slice it, IMO, INTC is screaming "BUY ME" these days.