Intel (INTC +1.7%) bounces in spite of receiving another estimate cut (previous), this time from...

Intel (INTC +1.7%) bounces in spite of receiving another estimate cut (previous), this time from Argus' Jim Kelleher. Kelleher suspects Intel's Q3 results will come at the low end of its guidance range due not only to weak PC demand, but an unfavorable CPU mix caused by soft ultrabook adoption, particularly in emerging markets. He also predicts enterprise Windows 8 (MSFT) adoption won't start in earnest until 2013 (ed: some are worried it might not happen much at all)

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Comments (6)
  • Ashraf Eassa
    , contributor
    Comments (9709) | Send Message
    Watch as Intel hits at least the midpoint of its guidance.
    31 Aug 2012, 07:26 PM Reply Like
  • debtfree1
    , contributor
    Comments (209) | Send Message
    Let's hope your right. At any rate with INTC prices so low It's hard not to keep buying more shares.
    31 Aug 2012, 11:40 PM Reply Like
  • bjnflicks
    , contributor
    Comments (4335) | Send Message
    INTC is about 25% unvalued now. I consider under $25 a no-lose proposition with a target of $32. INTC was recently surging toward that $30 level then fell back sharply. Why? It has actually performed rather admirably despite the fact they are late to the game on mobile devices, which is old news. But they still own and operate the biggest best foundries on the planet, have tons of cash and innovations, and will improve their growth sooner or later. In the meantime, they pay a nice dividend, have excellent cashflow and are a safe company to invest in. The reason it is cheap now is because of further slowing PC sales growth and the fact Buffett sold his shares. But even slower growth in PC sales doesn't erase the fact that hundreds of millions of people around the world need to buy products run by INTC chips, and only the well-to-do can afford Apple. I go to Colombia a lot, a typical developing country. While the wealthy are starting to buy Apples, 99% still use PC's and will continue to for many years. And more and more people need to buy computers, so while the growth is no longer stunning, it's chugging along, not falling but growing, steady but not stellar. And this stock is now cheap. Plus, if they do make a breakthrough, like a new deal with Apple or the like, look out above. And remember, they already supply chips to Apple. They have a pice of that market too.
    1 Sep 2012, 02:12 PM Reply Like
    , contributor
    Comments (6334) | Send Message
    Look for a merger or at least a joint venture with Microsoft.


    By the way Microsoft will be at $40.00 by this year end.


    1 Sep 2012, 07:23 PM Reply Like
  • J.D. Welch
    , contributor
    Comments (1972) | Send Message
    MSF: A merger beween Intel and Microsoft? So, a single company that controls the microarchitecture (x86) and the OS (Windows) of over 80% of PCs and over 92% of servers (at least on the Intel side, don't know what MSFT's penetration in the server market is, but I know it's big)? Yeah, I'm thinking the DOJ isn't gonna be too happy about that proposition... I don't see a reason for Intel and Microsoft to merge...


    As for a joint venture, what did you have in mind?
    2 Sep 2012, 07:39 PM Reply Like
  • bjnflicks
    , contributor
    Comments (4335) | Send Message
    Intel should move on Apple and steal Samsung's chip deal with them now that the two are embroiled in legal combat and probably hate each other by now. Apple is about to body-slam Samsung. and it will hurt.


    Of course Windows comes first for INTC, but after they do need some new blockbuster deals.
    3 Sep 2012, 01:16 AM Reply Like
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