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Old 08-19-2010, 07:25 PM   Nav to Top  #1
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Default INTC - Intel Corp.

Intel (my largest position), bought out Mcafee (MFE) today. INTC, with a superior balance sheet and tons of cash finally put it to work. I had been hoping they would use that cash to make an acquisition. I love this move as a shareholder; I'll BUY into the short term pain for the higher gains. INTC, which only shares the market with AMD, now enters a market with limited competitors (symantic, kaspersky). If they can integrate security into chips, this would be a major breakthrough. I expect MFE to be great for INTC. I also don't think INTC is done; I wouldn't be surprised if they entered the internet tsunami market by buying a cell phone hardware maker. Great purchase by INTC. INTC, just by the yield is a buy and I would be buying on weakness.
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