Intel's a Non-Starter

Intel's (INTC - commentary - Cramer's Take) a non-starter, to be captured by the $22.5 strike at best.

I believe people so much want PC plays ahead of the release of the Vista operating system that they're thinking too hard about this stuff. It's a price war, for heaven's sake, and there are no winners because this price war neither stimulates sales nor takes big market share. In the old days, a price war would have wiped out AMD (AMD - commentary - Cramer's Take). Not anymore.

A price war simply benefits the PC companies, because all of that juicy profit that would have gone to Intel now accrues to the Hewlett-Packards (HPQ - commentary - Cramer's Take) of the world.

I really thought this was obvious. Intel's analogous to its old rival Motorola (MOT - commentary - Cramer's Take) from when Motorola was a semi company (back when they were rivals for mind share, not market share).

Think like Chinatown: "Forget it Jake, this is a price war."

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At the time of publication, Cramer was long Hewlett-Packard.

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