7c-ranch

Merrill: Intel's More Interested In Crushing AMD Than Improving Margins

I think Osha is correct, in fact the trade of last year was long INTC/short AMD on that basis and relative financial strength to carry out the threat. Now, what is wrong with a dominant market player, with good cash flow and 50% GM's? Does it have to get back to 60% GM to warrant a pretty secure 18 P/E or even suggest a 20% P/E?