Seeking Alpha

Intel (INTC) -1.2% AH after Bernstein downgrades shares to Underperform, and lowers its target...

Intel (INTC) -1.2% AH after Bernstein downgrades shares to Underperform, and lowers its target to $20. Thanks to a Q3 warning and a torrent of negative PC industry data, Intel is trading near its 52-week low, and is valued at 10.5x estimated 2012 EPS.
Comments (14)
  • That does seem cheap. Is chip demand that dead?
    8 Oct 2012, 04:26 PM Reply Like
  • perhaps just power-hungry high-end processor demand. Mobile power-sipping CPUs are in vogue these days
    8 Oct 2012, 04:40 PM Reply Like
  • Hell of a time to load up on some Intel.... I am a long long term holder, so this price point is great.
    8 Oct 2012, 04:30 PM Reply Like
  • good chance to buy more now
    8 Oct 2012, 04:30 PM Reply Like
  • Wall St analysts hate to buy low and sell high......they prefer to buy high and HOPE to sell higher....Lemmings at work....LT you have to be a contrarian when buying great companies or you get whipsawed
    8 Oct 2012, 04:32 PM Reply Like
  • Why is Intel dropping so much and so fast, despite its superior product, cash in the bank and strong research .
    I am confused!
    8 Oct 2012, 04:42 PM Reply Like
  • Declining margins. Analyst underperform on INTC, but outperform on AMD. http://on.barrons.com/...
    8 Oct 2012, 05:14 PM Reply Like
  • really non-sense
    8 Oct 2012, 05:22 PM Reply Like
  • stacy bought AMD too high.

     

    you can see right through his motives.

     

    if anyone is underperforming, it's amd.
    9 Oct 2012, 05:46 AM Reply Like
  • Earnings Q3 report on 10/16 for INTC.
    8 Oct 2012, 05:15 PM Reply Like
  • Back up the truck....
    8 Oct 2012, 07:50 PM Reply Like
  • i am not sure who is expected to replace intel as top dog ..
    my dad use to say don't poke a black bear with a stick
    they have know how and resources .. they will continue to be the top chip maker.
    jim
    8 Oct 2012, 10:32 PM Reply Like
  • Look for low 20's then I am in. Stocks always seem to swing too much going up and too much going down for viable corporations, which Intel is.
    9 Oct 2012, 11:54 AM Reply Like
  • In 09 and 10, INTC CEO Otinelli in the spring made profit warnings due to the same reasons, the lack of demand with 6 months later achieving new highs.

     

    Is this crying wolf or rather why did Otellini have these profit warnings when he ought to be able to see demand for at least 2 years.

     

    I thought he was trying to get lower priced options for workers.

     

    Any thoughts?
    11 Oct 2012, 08:31 PM Reply Like
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