4. Intel is moving quickly into the phone and tablet space, and they are already picking up some significant design wins. I understand the bear argument that the PC market is going to fall faster than Intel gains in the phone and tablet market, but most analysts are making a rather frank and obvious near term statement, and all are unwilling to state what it should mean for longer term investors. The short term bear thesis is going to depend on when the PC market bottoms out, and by how much. But no one is saying that Intel can't return to being a growth business in the future, but only whether they can hit their targets this quarter or year. Meanwhile, the bull thesis looks 2-5 years out, and sees things getting better and better.
[Yeah, the analysts are looking for a short-term short exit strategy to get out from under there disastrously bad judgment on Intel...]
My guess is that the ARM FUD is ramping up in response to Intel's momentum. Windows RT is failing, and ruining ARM's inroads to the PC, there's still no traction from ARM in the server business, and now Intel is seeing improved prospects in phones and tablets. What is ARM and their cheerleaders to do, except look in the rear view mirror?