The problem is expected lower profit in the future due to decreased damand for PCs. Also, INTC is now a decent dividend payer and fear of lower share price due to increasing interest rates is a factor.
I took my first shot today 19.55 Even assuming a dismal '12/'13, dividend coverage is more than adequate. Lowest EPS for '13 is 1.6 - I bot at 12.2 x seems like a no-brainer for those who can wait it out....maybe I am missing something ... the fact that Kramer is running around crying "death-to-PC" makes me like it more....quantum computing anyone?
they say to buy great companies when blood is running, this would describe Intel now. With that said, did I add? F !!! NO!!!! CEO wants out, why do I want in? they sit while it turns to absolute around them and F'ng say nada damn thing.
NPD numbers shows 21% drop (from last year) in windows devices since window8 launch. But it also says strong sales in notebooks with touchscreens. I don't know if Clover trail hybrids are included in their numbers. I think it is not a surprise that devices have drop since most buyers are waiting on Intel-based devices with touch screens and Clover Trail devices have not been seen wide spread availability yet.