Good discussion!
Counters:
#1 There is plenty of business from others who don't compete with the chips... autos, phones, tablets, servers, PCs.... Also, Apple used to buy its chips from Samsung... their largest phone competitor and switched new designs to TSMC. That would be business Intel could go after, especially if we get nationalistic like the Chinese are now.
#2 There is no such thing as luck... unless you call it being prepared for when the goose drops a golden egg on you and you don't drop it.
#3 HP management and DNA is and was great. They left HP when "that Fiorina woman" was in charge and became VERY successful businesses and stocks for me... Agilent & Keysight. Another made test equipment and was sold to the Japanese for a huge premium over what I paid...
What was left behind is NOT HP but for the name. Also AVGO/Broadcom was the part where I was before leaving but I didn't invest as I was too close and had too many friends badmouth the decisions to streamline the company and go private... but I did buy where many friends went, Finisar which is now IIVI and made another bundle on that. I sold ALL my HPQ long ago to diversify (buy more KEYS for example) and get low tax rate capital gains and kept a few shares of HPE that has been a real dog.
So, I disagree as nobody has broken up Intel into its parts... or is even talking about it. They have actually bought great growth markets in Altera (A NICE big gain for me) and that self driving company from Israel, Mobileye.
Anyway, I'm holding my shares and will add if/when it gets cheap to enjoy a nice dividend and probably capital appreciation in the future... if not, that is why I limit my exposure to any single stock these days. It is a lot of $ in what I need to live, but a total loss would not be a big deal due to asset allocation. |
