There isn't a stock that I think that traders have more wrong than Intel (INTC:Nasdaq).
Dell (DELL:Nasdaq) says it has no plans to switch to AMD (AMD:NYSE) chips for its PCs, Apple(AAPL:Nasdaq) starts shipping Macs with Intel chips and the marketgives Intel a whack. I think the worst is now in the past and all thenegative sentiment is priced into shares. Looking ahead, I see acompelling valuation with a forward P/E of 13.8 on consensus EPS growthof 18.6% in 2007.
At $20.35, I think it's time to buy some Intel.