Joey:You dont think the upcoming global business IT upgrade cycle will lift the stock to near $30 in the next year or 2?
No. I see the global business IT upgrade (if, in fact, it does happen) as part of the needed continuing market for PCs (replenishment). I see the other part of that continuing market for PCs in emerging markets (those that have not used PCs before). I see the smart phone market and other items like these as part of the new product cycles that replace the older products. Obviously, as more and more people use devices like smart phones or better, some of the people will no longer use a desktop or notebook PC. Eventually, the desktop/notebook goes away and gets replaced by a mid sized PC that is very portable but has some connection to larger work screens and keyboards by wireless allowing you to carry your entire world with you.
Servers will be partly in the cloud. Already, I have 20 GB from my phone alone. With that, I can travel anywhere in the world and have everything I'll need.
All of the above should provide ~10% SP appreciation annually.
There are a few things that could appreciate the stock to those levels:
1. Continued very high margins providing Intel doesn't need to pour all of it into $6B fabs and R&D.
2. Increasing dividends.
3. Perception of a growth company in whatever way, say, successfully selling their own devices. Things are changing, supply mechanisms are being broken down by the internet, people are going more direct. Manufacturers to Asia for sourcing, Asia direct to consumer...
4. Large top end growth.
Smooth
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