INTC's earnings show a company struggling to grow.  The earnings are clearly being managed ever so carefuly to easily beat, but the YoY numbers tell the tale, IMO.  Specifically, on a YoY basis revenue was lower and earnings beat by one cent.  If INTC has a buyback in place, it is buying earnings (does it?).  

To top it off, the Data Center division grew by only 5%, whereas the Client Computing division shrank by 1%