Chip giant Intel develops advanced integrated digital technology platforms and components for the computing and communications industries.
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I must be out of my mind, picking a tech company in the middle of a downturn. However, 12B in cash, 2B in debt, as others have noted they have a virtual monopoly again as AMD has basically left the higher end markets, and the Core i7 series of chips that became available yesterday appears to be a real winner. Over 4% dividend to boot, at the very least INTC will be beating the S&P 500, it may even garner you some good profits to go long, but this is mostly a CAPS pick not advice to go buy stock.
I will green thumb INTC around 11-12 if I can. Great balance sheet. The killer will be falling margins due to high fixed cost and lower volumes. should be interesting though because inventories are low - that should help pricing to some degree.
The fact that INTC again has a virtual monopoly on the main CPU market due to the fact that the i7 blows away anything AMD (or anyone else) has, gives them the flexibility to not have to flood the market at lower prices to gain marketshare - they can maintain inventory levels and deliver as needed without getting in a price war.