Eric, thanx for your comments on Intel......
I've owned Intel since '97, and during that time have seen it both at highs and at lows.
I have posted here, both the good news and some bad. I had already posted your Fool references about Itanium, as well as feedback from one of the technical mavens on the Intel thread here at SI.
I also posted here a couple of weeks ago, that for your reasons and others, we pared back significantly on our Intel holdings and reinvested them in Storage. By luck, that was just before Intel preannounced their earnings shortfall for the quarter.
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You've pointed out nicely some of the concerns about Intel.
My own posts had raised issues about management losing focus as it necessarily pushed into new frontiers, which were not moneymakers at the present.
But to be balanced, we should reassert the positives too.
Intel is kicking butt in servers, which is an extremely hot market now and in the foreseeable future.
Intel is dominant in notebook mpu's; we'll see what AMD puts out, when it puts out, and what it's Fab capacity will be to meet demand then.
Intel is strong in Flash Memory, which you also rightly pointed out.
Intel has cash, and continues to generate lots of cash. Over the long haul, I expect Intel will remain profitable, but less than expected. I'm comfortable with them comprising 5% of my portofolio for now.
Apollo |
