Depends on how old you are. If you have less than 5 years before retirement, you have no business owning any growth stocks.
When times get bad, such as a couple of years ago, it will trade at a P/E ratio of around 15 with respect to its current earnings. That means you will probably see intc around $60. THATS THE TIME TO BUY.
If you have some time before retirement, you should definitely own some intc. But it does look as if intc is going through a reality check with respect to valuation.