The big companies in the PC group have all experienced declines so far this year, ranging from 4 percent for Intel Corp (INTC.O) to 44 percent for Nvidia Corp (NVDA.O). On average, the major PC companies fell 23 percent for the first half of 2010, said Barron's in its July 5 edition.
The recent Dow drop has turned Intel into an accidental high yielder. Intel trades just under 10 times next year’s earnings and has a dividend yield of 3.3%. Intel has a tremendous balance sheet as many tech bellwethers do. Intel has over $16 billion dollars in cash and just $2.5 billion dollars in debt. Intel is a great buy with tremendous free cash flow and an 11.5% earnings growth rate.