Intel (INTC)

(Market Call Minute.) Not so great news coming out of Apple (AAPL-Q) in that they are going to switch some of their chips out. Breaking into new lows so not a stock he would be purchasing.

Almost totally exposed to the PC market. Unless you get a feeling that the company is successfully diversifying in a big way or that the PC market is coming back, don’t rush into this one. If you want exposure in the semiconductor market, he would get Taiwan semiconductor (TSM-N).

(A Top Pick May 3/12. Down 23.26%.) This was a pairs trade with Advanced Micro Devices (AMD-N). Sold this in mid-July and he thinks he was flat on the trade.

All the PC industry is hurting because of the tablet market which is taking away all their sales. However, he doesn’t think the PC is going away anytime soon. Terrific dividend and a great balance sheet. Prefers Microsoft (MSFT-Q) which has a better balance sheet and also straddles the PC market, tablets, networking, video games, etc. This one has not shifted fast enough to the mobile market and that concerns him.

(Top Pick Oct 25/11, Down 8.39%) A year ago the market was lead by high tech. Now semi conductors is becoming a laggard. Intel has a big impact from the PC market. Great balance sheet and cash flow but there are better opportunities.

(Market Call Minute.) In the wrong end of the business right now and the market perceives it as being weak and having very low demand.

Has been worried about the PC sector. Tablets are literally running them down. It is not even a fair race. This company is the granddaddy of chips. Has lots of resources. They will continue to do very well in the PC market as it exists but given that it is a shrinking market he would be very careful about paying up for this company.

As a trading stock, would you buy it today or would you buy a Put a little bit out of the money and how far out of the money? Large-cap tech is performing reasonably well. Semiconductor group is quite economically sensitive because of quick inventory turnover. He does not like to buy the lagging group. This is very dependent on global growth. PCs are still a soggy market.

Usually when there is a warning from a company, it doesn’t bode very well on his ranking system so this is a company he would not want to purchase. Also, the stock is below both the 50 and 200 day moving averages.

(A Top Pick Sept 7/11. Up 20.52%.) Sold his holdings at around $24.50. He hopes people get all panicky about this stock and dump it down to around $20-$21 and he will buy it again.

When they reported they reduced guidance, mainly because of softer global demand for PCs. Stock has underperformed since then. She wouldn’t buy this right now but would wait. Inventories are very high at about 90 days compared to the norm of about 75 days. Yielding 3.69% and trading at a pretty decent multiple. Windows 8 is launching in October and maybe a catalyst for PC demand. This is on her watch list.

Tech stocks have been in the doldrums of late. This company is driven primarily by PC demand and tech spending has been weak. Gross margins are starting to come down, which is usually not a good indicator of owning the stock.

Have very little exposure to mobile semiconductors and have missed the wireless wave. The key issue over the next 12 months will be the success of Microsoft's. Windows 8 launch. If it does as well as Windows 7, this stock should continue to go up.