Re: Exactly one year ago, mean estimates for Intel where 8% from 2004 or $1.24 / share. Today Intel reports $1.40, yet Intel's stock price is the same or down during this period. The problem is that, during 2005, analysts continued to raise estimates (and expectations) while the street continued to sell Intel shares. Intel is simply out of favor. This is a crisis that goes beyond chipsets and ASP's. New products will help, but it seems that Intel stock price is more about perception, mind share, public relations and other intangibles. BTW, analysts are using a similar 8% growth forecast for 2006.
IMHO, I agree with you 100%, but you have to keep in mind that Wall Street is often fickle. What is considered taboo one year because a darling the next. You are exactly right about Intel's perception last year, but that doesn't mean it will continue like this forever. In fact, if you take any other stock as a guideline: RHAT, RMBS, HPQ, etc, they've all had their downspells where investors sold off shares, but as soon as some intangible spark set things in motion, people couldn't wait to buy in. The more depressed Wall Street gets on INTC, the better the buying opportunity. Let them take it down to $15: you'll double your money, at least!
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