mas,
At 16-17 it should be a very good buy with a possible 50-100% upswing next year.
In his last report on INTC, Tad LaFountain had target price of 15.50 on Intel. That was about a year and a half ago.
The stock still looks a little sickly. I may nibble a bit, but I will wait until it stabilizes. There may still be 10 or 20% to go on the downside. 5 year low is $12.95, but I don't expect to see that in absence of some major market breakdown.
Maybe something dramatic, like selloff or closure of a money losing division could stop the decline. But, my guess is that Otellini's style is "when is doubt, launch another platform"
Joe
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