I have owned INTC for about 10 years. After Andy left, things have changed. INTC missed the boat and quite simply are late to the mobile business. Our new CEO sounds good, but at my age, "show me". The truth is it takes a long time to turn around a big ship.
I just saw where MSFT and GOOG missed their earnings and revenue targets for the quarter just ended. The Intel guidance has been lowered.
I expect the following to occur for INTC:
a) We continue the sell off tomorrow
b) We test $22
c) We gap up right before the next earning CC (just as we have for the last 4 qtrs)
I will hold for the dividends. I expect a small increase later this year
Good look to all from an old guy from the 101st...go screaming eagles