GS also said oil would be at $130 by the end of the yr. They were also wrong on their bearish call for the market in 2012. Why listen to them. INTC did not report to the GS analyst and tell him the different inventory levels. He is just speculating (and trying to generate commissions for the firm) with a flame throwing price target.
Next year, the dividends will be taxed (in non-IRA-type accounts) like regular income. Therefore, the dividends next year a for a supposedly $16, will be effectively like the dividends this year for $20.
Goldman wants more shares; they are crooks. When they say sell, buy...when they say buy, sell. Look at the last few months they have been purchasing more INTC. And on top of Goldman, Citi is also saying Intel will miss, #$%$...coordinated effort to cover their short position and get more cheap shares.