I have considered Xeon; I expect margins there to drop as AMD and CPQ attack servers. Competition will keep Intel from exacting monopoly rents. 0.18 mu is good; PC demand is bad, as is Rambus.
Rather than guess future margins, I went with textbook growth, retention times ROE. I expect PC revenues to flatten or shrink, so a continued high ROE is generous.
I'd love to hear your estimates for the future. We could compare notes, wait a few years, and see how Intel does.
Off topic: my trades concern only me and the IRS. However:
- none of my puts have expired worthless
- all my closed puts have returned >100%
All that that means, though, is that I've been lucky. As the old saw goes, don't mistake brains for a bull market.
I still own puts (cf #reply-8219434).
Best case, INTC cracks, my INQPB's go up a lot. Medium, INTC rockets, puts expire, I get higher strike puts. Worst, INTC meanders down, puts expire, new puts are less attractive.
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