The Rising Influence of Rising Affluence

[DewDiligence]

INTC is benefitting from strong growth in Indonesia:

http://online.wsj.com/article/SB10001424127887324469304578144512211939082.html

“The economy in Indonesia is still so traditional,” so a lot of businesses still don’t use computers, he said. “It will be reaching a key inflection point in the next year or so,” he added.

The penetration rate for computers in Indonesia is still less than 7%, he said, compared with 41% in Malaysia, 13% in the Philippines, 22% in Thailand and 15% in Vietnam.

I find INTC at ~$20 tempting, but I haven’t pulled the trigger.