Come on now! Intel has got to go seriously up from here! With another confirmation from HPQ on top of Cisco last week, Intel should start a serious rally from this point forward to the $30's. Citigroup has them as earnings about $1.57 for next year. And with improving margins pretty evident, that should not be a problem at all. Beating wall street current estimates by over 20 cents.
Be patient, my friend. Intel has product leadership & manufacturing leadership for the next few years (at least) and that will translate to a $30+ price. The fact that Barcelona is a dog compared to Intel's offerings (which will soon be made public when independent reviewers do the tests) will be one driver. The other driver is increasing 45nm mix of Intel products going forward.
I feel that there is virtually no doubt that we will go up from here. The facts are there is NO bad news only good news. Q3 earnings are not that far off and the typical run up to earning will start sooner than later. I predict $28 by earnings day.
Quality companies are be sold off to raise capital. The hedge fund pigs need to cover there redemptions and the crap stocks they own they can't sell. We are closer to the bottom than the top.Hang in we will be rewarded. Good luck to all.