INTC’s CEO, Paul Otellini , is retiring in May 2013. At about $20/sh, INTC looks cheap with a P/E in the single digits on an EV basis and a dividend yield of 4.5%. Thus, INTC would seem to be a pretty good buy at this level even if one thinks they won’t make much headway in the smartphone/tablet arena that is currently dominated by chips from ARMH.
Comments?
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”