Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nihil who wrote (77263)	3/25/1999 5:23:00 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

nihil, RE:<<The theory that earnings and earnings growth "explain" or "justify" P/E's and market cap's is pretty weird. There has to be something else, or stock in companies like AMD would be free! >> That 'weird' concept only works for 'good' companies like Intel that actually make money. 'Bad' companies can better be valued by looking at book value (around 13½ in AMD's case). If the book value is real, the prospect of killing the company puts some kind of floor on the stock. And in the case of AMD, given the long term performance, shareholders would probably be better off just shooting and asking questions later, as you suggested a couple of days ago (although I would question the strategy of putting the proceeds in Intel today).