Apollo, your post on Intel, nice research into P/E trends, and I do agree with the overall post a lot. I agree with you about P/E's not having to be stuck in a trench. Look at SUNW...they've caught MSFT, where they used to be more like Intel, i.e., in the 15s to 25s. It's the Internet, kids. Get associated with it in a big way and new paradigms happen.
Unq has said that he doesn't like INTC in part because he doesn't like cyclicals. If INTC can shift substantially into other
territories (does anyone here want to bet against INTC management?), then I would think revenue streams from an ever
widening array of niches would lesson the cyclical nature of PC-microprocessors.
I don't consider Intel, or any non-DRAM semi companies, cyclical at all. TI, Altera, Xilinx are no more cyclicals than Sun or the boxmakers. Classic cyclicals are metals, machinery, paper, etc.
Have to run, looks like this thread may get some diversification from, what's that Q-something or other company? <g>
Tony |
