1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (5730) 

Third Avenue Management Comments on Intel

March 05, 2013 | About:

Intel (NASDAQ:INTC) has built, over the years, a solid franchise in microprocessors (“IntelInside”) for PCs and has continued to enhance it through its technological and manufacturing leadership. Less obvious to many is Intel’s dominance in and profitability generated from the server market, where data center growth has been driven by demand for cloud infrastructure build outs. While Intel has struggled to capture share in the faster growing mobile markets versus the likes of Qualcomm, Apple, Samsung and others who utilize cheaper, lower power ARM-based designs (licensed from ARM Holdings plc, a British company), we believe there is substantial value in its core business. Over the longer term, there are a number of opportunities for growth: e.g., should an upgrade cycle be driven by Windows 8, should ultrabooks and/or other tablet hybrid computers takeoff, shouldPC growth in emerging markets accelerate. In the meantime, the stock pays a roughly 4.24% dividend; the Fund was able to acquire shares at around 4.6 times EBITDA and 10 times earnings.

From Third Avenue Management's first quarter 2013 commentary.


Rating: 2.8/5 (4 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


DBrizanProspects 6May2016
DBrizanProspects 5May2016
pakito866Combination
DBrizanholdings & prospects 25May2016
matt.baker52 week low
TelelinkCompare-1
lcaldridgeAldridge Screener
antonakosGrowth Screen
SchwarzwaldChina
lustMay24Charlie

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK