Intel - Final Thoughts

Ticker Symbol: INTC

Final Thoughts

Intel, like the rest of the tech space, is suffering from cyclical drag. From the Chairman's mouth to our ears, Craig Barrett recently stated that demand has deteriorated notably, factoring into Intel's latest earnings revision. Barrett added that the short term objective is to maintain a savings cushion to maintain R&D and capital budget requirements. Tech stocks could see a better-than-expected bounce from lower gas prices, rising discretionary income enough for a modest boost in holiday spending on electronics. Valuation buyers are going to have a field day with strong cash-on-hand blue chips once systemic risk stabilizes. Intel's margins could bottom out in the first half of 2009 while improving its competitive position within the semi industry.

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