INTC bashing is part of the ARMH bubble psychology.
No one on Wall Street actually believes the ARMH hype. It is part of the Wall Street bubble game is to give you something to sell while they give you something to buy. They think there are people holding INTC who would sell if prodded and buy into the ARMH bubble. INTC is insanely underpriced as Wall Street attempts to build up ARMH's stock price. ARMH is TRANSMETA all over again. Look it up. INTC is a great investment while the Street tries to convince you things are different this time.
Can INTC go lower? Sure. And then it will go back over thirty. INTC's quarter was decent. The div is good. There is no real long term competitor. And INTC just bagged all of CSCO's chip business on Friday, which of course was not covered by the news.
Take advantage of people like Cramer who said sell at 20 and GS who are consistantly wrong about everything. Now, with more QE coming, is the time to be an investor in good companies. Trading at these prices is for suckers.