Intel Corp (INTC)

[This Causes an Error]

That means, margins are getting worse.

Operating margin has declined due to much higher spending on R&D.

11bln of free cash flow should be enough to keep up with the crowd in semiconductor tech but isn't enough for leadership.

FCF is what's left over after everything is spent investing in R&D, marketing, and capex.

Intel would be wise not to pay any dividend to shareholders but instead invest heavily into new fabs and foundry. Many shareholders wouldn't like that move, though. Just too short sighted

You're ripping on Intel for having money left over (read: profits) and distributing it to shareholders while at the same time ripping on Intel for seeing reduced profits from 2012 levels (due to the very investments in new fabs, R&D, etc.)?

Your arguments are not self-consistent.