INTC CEO announced retirement at May 2013.
He's been working at Intel for 40 years. During his reign, Intel dominated x86 CPU market. Apple transitioned from PowerPC to Intel.
Market is worried because of his retirement. I think this could be a chance to buy Intel cheap and bought some at $20.
He's retiring at May 2013, but future one to two years business plan should be already made and in process.
Plus, Intel is at a bargin price with PE of 8.82 and 4.5% of dividend.
It has 10.4 Billion of Cash and short term investment. Free cash flow is 8.121 Billion !
Net Income is 11.9 Billion! Liquidity is not a problem.
If we compare it to 30 year treasury, it only yields at 2.73% currently.
