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

To: Mary Cluney who wrote (73633)	2/14/1999 7:40:00 PM
From: Michael Bakunin	Read Replies (4) \| Respond to of 186894

As I read it, you wouldn't consider selling under 135 Tuesday. That's near where I bought my puts, so I'm not sure we disagree quite as much as you think. To answer your questions: > I am perplexed as to why you are asking the question As I wrote Tony, I'm attempting to gain insight into the stock's prospects. Do I take my profits, let them ride, increase the bet? [implied: PC = all tech?] No, I disagree. 10Q: "For Q3 1998, sales of microprocessors based on the P6 micro-architecture represented a majority of the Company's revenues and a substantial majority of its gross margin." > PC Industry is in trouble this quarter...year...forever? The industry is not in trouble, but it is maturing. I think the stock is in trouble as long as it is priced for high growth. Some questions for you: >selling..for whatever reasons have proven to be major mistakes Are you saying that there is no price high enough for the shares? >complex one for long term holders...with large profits You can't mean the long-term cap gains rate of 20% is complex. What do you mean? >one of the greatest companies in the history of this planet We agree that Intel has been impressive and profitable, but do you really think it measures up to titans of yore like the British East India Company? >Your question...cannot be easily answered because of the shallow >nature that you have posed it. C'mon, Mary, play nice. I'm asking just what the market asks: what's it worth? I don't pretend to know. I make one major assumption with which you disagree (maturing industry, slowing growth), and conclude that the PE has to come in, to speak nothing of discounting earnings risks. Thanks for the considered note, mbakunin