We never fully understood the bulls on Intel INTC as for us, for all their technological and process prowess, there seems to be a simple but inescapable truth: Intel is moving from a dominant near monopoly position in a market with high margins PC’s that is actually shrinking to an expanding market tablets and smartphones with lower margins where they only have a toehold.

via Intel Corporation INTC: Intel Faces Many Hurdles – Seeking Alpha.