I would be very careful with Intel. Intel is being mistaken for a large cap tech stock (IBM, CSCO, etc). Intel is a large cap semi-conductor stock and not in the same league. http://stockcharts.com/h-sc/ui?s=$SOX&p=D&b=1&g=0&id=p71308755508 The $SOX appears to be at the top of its range and appears to have 20%+ downside from here. The earnings results were neutral (and not strong). As more members of the $SOX come out to confess their earnings, Intel will most likely go down further. Intel and AMD have now both confirmed that the sector is neutral at best and weak at worst. Not a buy If I were to buy in tommorrow, I would wait until it hits the 50 day moving average and then cash out later in the day when the shorts appear to cover. I wouldnt buy for long-term until the stock double bottoms at 16.75.
OK, Intel is going nowhere. Here is the conference call transcript: http://seekingalpha.com/article/24326 And look at this excerpt: Joseph Osha - Merrill Lynch Hi there. Two questions. First, are you able to say whether you expect inventories to be down in the first quarter or not? What is your thought there? Andy Bryant What I would expect, Joe, with revenue being down some, if we can kind of stay flat, I would be pretty satisfied with that result. That would be a goal. Joseph Osha - Merrill Lynch So flat, do you think? Andy Bryant That is the goal. It is tough to hold it in a declining revenue environment, but I think we have a shot at it.