Intel Corp (INTC)

[Golfbum]

The problem is that the analysts want Intel to fill major fab capacity with foundry since they're convinced x86 and/or PC is deadmeat.

Intel isn't going to build competitor's chips which arguably Apple/ARM is.

Intel isn't also going to build a ton of jellybeans without getting paid for the advanced capabilities their process lead is worth.

So the analysts have stupid (and I use that word advisedly) expectations. They are by and large morons.

The Altera deal is an example of doing it right.

The x86/phone thing is taking longer than anyone would like but it will be successful due to exceptional software tool ecosystem and process leadership.

Apple will begin to slide until they concede that x86 fabbed by Intel is their only option. It's happened before...

ARM's valuation bubble will pop...

gb