Intel -- Bargain or Doomed?

[EricL]

I sold my INTC position after the dividend announcement. I think in the long term that Intel will figure out mobile and continue to grow profits, but I don't like the irregular growth and am not confident that management has shareholder concerns at the forefront. Its hard for me to give them a pass for not raising the dividend when they spent $550M on share repurchases in Q2, yet the share count actually increased by 26 million because of convertible debt and employee compensation.

I bought IBM to replace it in my portfolio. I give up a little in current yield but have a more stable and predictable growth going forward.