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Article: Intel: with another chip in the works, the run-up isn't over. (potential for rise in Intel Corp. stock price due to semiconductor technology market domination)
- Article from:
- Kiplinger's Personal Finance Magazine
- Article date:
- May 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After a scorching 12 months in which its stock more than doubled in price and analysts kept raising their earnings estimates, Intel might be entitled to a break and investors to some profit-taking.
Don't count on it. Intel, the world's largest maker of semiconductors, could see its sales arc from $5.8 billion in 1992 to $8 billion this year, according to Edmund Swort of Value Line Investment Survey. Of that $8 billion, $1.8 billion could be profit. That would work out to $8 a share--a 59% jump from earnings in 1992.
Intel owes its past, present and future to the IBM-style personal computer. Intel makes the brains--the microprocessor--without which a PC ...