I have viewed INTC as a great company that is facing growth challenges.  These challenges have been ongoing for several years and I do not yet see results that would excite me enough to change my sentiment.  At a forward PE of 12.80 (now in question given the rise of the dollar and a PC market that still looks challenged), it looks cheap, but given the doubts surrounding growth, it does not look all that cheap to me.INTC generates an enourmous amount of revenue from its high end CPU business, it will take a lot of new products in new areas to move the needle in any meaningful way.  INTC lingered in the 20s a couple of year ago, and it recently hit $38, on the overall positive market sentiment, rather than on the business generating positive growth.   All that said, I can understand someone owning the stock for the juicy dividend and the overall stability it provides.