How do you justify the current price of SNDK or IRF? If these valuations persists, INTC PE will have to climb because money will be chasing the lagging PE. INTC's franchise and squeaky clean book by itself is worth a 20% premium over other other semis growing at the same rate. Look at AMD's current valuation relative to book and potential, which would you buy (actually, AMD here at $11 is a better buy if you can take the risk of failure <g>)? AMD is in constant fear of extinction, sometimes they make money, sometime, they don't, just like MU (g)....
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