Lucy working feverisly for 4.25 an hour trying to bring Intel down
Lot's of negativity on Intel (INTC) of late, but they can't seem to bring the stock down much if at all anymore. I'm paying attention to this.
Thesis Points on INTC:
•They are making inroads into mobile. Google (GOOG) is now working with them.
•The Surface fears do not reflect the eventual TAM of the Surface Pro and Yoga -- ie., the preferred form factor of Win8 Tabtops.
•The move to 22nm and smaller puts the INTC manufacturing advantage in even better position going forward.
•A great balance sheet just got better with a very smart debt deal to fuel increased buybacks.
•The current Surface RT negativity means little in the key enterprise market for Win8 on a multi-year cycle.
•A world of Touchscreen enabled mobile computers and desktops will produce immense productivity advancements in the enterprise.
•Don't think so... then why is the iPad so effective for enterprise users?
•Greatest threat for Win8 is my long held view on Apple (AAPL)'s potential to come out with a Touchscreen platform across their computing line. Frankly, I'm surprised AAPL didn't beat the Microsoft (MSFT) to this punch.
Thus all the above, I'm standing by my $32-35 view on INTC valuation.