>> hoping to pick up some INTC under $15 in the next few
weeks on a market downsweep.
The issue that I believe has been under-appreciated in the market is how impressive Intel's Q1 profit was, given the huge drop in revenue, and also given that Intel did not idle any of its advanced fabs. Even more impressive is that inventory was reduced.
I don't think there is any large industrial company that saw a 35% drop in revenue, that still made a profit. For that reason I think a price for INTC below 15 has become less likely.
During the past several months INTC was below 15 most of the time. However, during that time, the estimate for Q1 EPS was either a couple cents, or a loss. And that was extrapolated to Q2. Obviously those assumptions are now obsolete.
Market Data 
Markets 
AI
