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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (47825)7/9/2012 6:47:10 PM
From: E_K_S   of 78667
 
July 9, 2012, 6:32 p.m. EDT
Intel buys ASML stake for next-gen technology
Deal worth more than $4B to ‘accelerate’ 450 mm and EUV processes
goo.gl
Intel Corp. announced a deal Monday afternoon under which the semiconductor giant could invest more than $4 billion in ASML Holding N.V. to jointly develop the next-generation of chip-manufacturing technology.

I am not sure how much this may advance INTC into the next-generation manufacturing technology but at almost a $1.00/share in equity & cash, the market does not seem to like like it. Intel's after hours sell off could also be due to AMD's warning that Q2 sales are off 11% from a slow down in Europe & China. goo.gl

Either way, I do not think my $30.00 price target is in the cards any more and may consider selling part of my profitable position and buying back in at lower prices (maybe $19.00/share again). Maybe you were/are right on Intel being able to sustain their high ROE especially when transitioning to next generation technologies.

EKS
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