Of course $16 isn't out of the question when we're near $17 right now. But Intel is doing well with its complete global domination of CPUs (AMD is on life support), bullet proof balance sheet, and growing (yes, growing) earnings. I still say $25 is and should be the sell target for a regular long who doesn't trade shares. Intel, Cisco and Microsoft all should do very well going forward even in this lousy environment. These techs are already quite cheap and rightsized. Tech spending never got overheated like after Y2K when everyone bought computers in '98/'99 because they were afraid older ones would blow up! This time around its the big techs mentioned above that will weather the storm best, the opposite of what happened after the Y2K bubble burst. The credit crunch is nailing a lot of businesses (basically houses, boats, cars, banks) but these tech titans are cash rich and don't need loans or to roll over commercial paper. Customers don't need a bank loan to buy a laptop. These stocks are the ones to own this time around. Last time it was the other way around.