That Buffet had in fact bought INTC at about $22 and sold his stake profitably last September.
I wonder when INTC got down recently below $21 whether value investors starting accumulating again.
I can only say that I did.
That leveraged buy back strategy, and the reliable dividend makes this equity attractive. Moreover, large cap gains are possible as our great R&D, and new capacity kicks in.
Once again, AAPL has the money to buy INTC. I haven't any idea if such a move would make sense.