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Investing

Intel’s (INTC) New 52-Week High

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

After a long time in purgatory, Intel’s (INTC) shares hit a 52-week high of $24.46 today. The stock has not been at level since early 2006.

There is certainly some hope that PC sales will begin to move up at a quickening pace with Microsoft (MSFT) Vista now in the market for six months. And, server sales continue to do fairly well and companies store and send more data.

But, the real reason for the stock moving this far is the market’s perception that Intel rival AMD (AMD) is so badly wounded that it could take years for it to come back. Even its new Barcelona chip is being released with less computing power than the market expected. And, surveys of the server market indicate that Intel is taking back market share from its smaller competitor.

Intel is a prime example of a market leader that becomes dangerous when threatened. It may have taken awhile but the results were devastating for AMD.

Douglas A. McIntyre can be reached at [email protected]

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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