Intel

Intel's results are great. I have been bullish on Intel for a long time for the following reasons:
1. Computers are becoming necessities, not discretion items anymore. Most families have two or three computers.
2. Emerging market are catching up quickly. Most households in China have computers.
3. The data and videos on Internet have exploded. More servers are needed.
4. Intel is enjoying almost monopoly status which keeps its profit margin very high.

Will the good results from Intel spread to HWP or Dell? Not necessary. The reason is simple. The competitions in PC manufacturing are fierce and margins are low. One worrying sign is semiconductor companies in Taiwan are slowing down.

My target on Intel is $24. However, I will sell around 23.5.