Intel Update

Intel (INTC) had another good week.  Their earnings came in ok but their guidance for the 4th quarter got lowered.  The stock itself took the news in stride pushing up to almost $24 a share with a 4% yield.  Looks like the 1st quarter of 2014 will see the big push into smart phones and tables.  They have won 10 contracts to supply chips in products that will be on sale before Thanksgiving.  This should give us a good idea of how much traction they can gain in the lower margin business.  Time will tell, in the mean time we can collect the 4% dividend to tie us over.  Good luck investing.  Tony