jjmc2001's  Instablog

Chip maker INTC introduces a new three-dimensional transistor that it says would allow processors to operate on lower power while maintaining high performance.  On the heels of this announcement INTC showed solid strength on May 4 gaining 1.16% on an otherwise down day in equity markets.  Further today was the day INTC traded ex-dividend which should have dampened the stock price.  After two strong quarters the only criticism is the lack of strenght in the mobile chip market.  This new technology could remedy that perceived hole in the INTC product line and could finally move this rangebound stock higher.  I am long INTC and wish I had bought more when it dipped below $20 recently.