AMD revised downward their guidance for the quarter, citing weak demand. I've no doubt that the slowdown in the pc sector is real and serious. INTC has been downgraded recently a number of times. 29 is cited as the lowest target, the average pt still being 35. Likely there are more revisions on INTC to come. I am inline with what lt cap proposed - mid 20's I'd be seriously tempted. Perhaps higher, but with the market volatility and uncertainty, I think the market would be quick to punish shortfalls in earnings. Over the long run, i think INTC's forays into tablets, phones, and SOC will bear fruit. It seems to me that is a 'fulcrum' issue, as man cannot live by PC alone, which so far has been diappointing, but the fat lady has not yet sung.