Once the Street gets the validation on Haswell and Bay Trail, which is beginning to happen now, the run up to $30 will be swift. I expect that to happen in the next 3 to 4 months.
Let me tell you why I think so: As Otellini mentioned - each of the concerns/FUDs - Windows on ARM and Microserver have held the stock down to a smaller PE multiple. When these concerns go away, the PE multiple should get to 15 - that is how we will get to $30 pretty quickly.
Any further climb will be steady based on quarterly financial results.
Of course, there are some wildcards which can cause rapid appreciation in the stock price:
(1) Apple adopting x86 for phones/tablets
(2) Google/Motorola coming out with a very aggressive line of phones/tablets based on x86
(3) Big carriers coming out with their own label phones/tablets
(4) Intel Media turning out to be a good play (Netflix-like valuation)