Re INTC, still think mid twenties is a good entry point, not so in the 30s.  It has so many levers that it can pull to preserve earnings, then it has a tremendous management team. Still, it is hard to see it returning to solid growth any time soon.  Its data center segment grew by 9%, not bad but it cannot make up for the loss of PC processors.

I still feel that on the high end server processor, ARM will take some share at the bottom end and OpenPower could do the same at the mid to high end.  Not going to happen soon, but all it would take is for Google and FB to adopt it wholesale and it becomes a flood.