Intel Corp (INTC)

[Joey Smith]

Maui, I think the stock has room to run, based on several trends which should continue:

* increasing margins
* innovative, new product introductions
* descreasing costs. BTW, the company still has room to cut here, especially with NOR flash.
* perhaps most importantly, improved marketplace position, especially vis-a-vis AMD. This will also allow better leverage with the OEMs, ISVs, etc.

Of course, the Intel Bears will come up with a traditional PE and say the stock is fully priced. But, thats not how the market works. The trends above should continue for the next few years, whcih will allow for a higher PE. It wouldnt surprise me to see INTC trading in the lower 30s a year from now.
Joey