With the PC and laptop markets waning, INTC has been putting the pedal to the metal to play catch-up in creating competitive microprocessors that can compete with Apple's ( APPL) preferred microprocessor company ARM Holdings ( ARMH). The problem is that INTC is still far behind in this semiconductor race. "What I told people is we've got to run fast," Borkar told the newspaper concerning Intel's daunting challenge. "If one shoe is missing, don't wait. We have got to run fast. We will figure that out as we go." This tells investors about two important factors regarding INTC: It's been awakened and knows it has a do-or-die mission it must complete quickly, and it's flying by the seat of its pants and running a race even "if one shoe is missing."
For another perspective I'd encourage you to read Dana Blankenhorn's article, which sheds light on some other considerations. This is one of those critical moments in the corporate history of Intel. The company has made it clear that it has a strategy and a clear vision for how it can begin to capture at least a part of the mobile market. The question isn't whether it has the skill sets and capabilities needed to eventually succeed. The question is has INTC waited too long to get into this technologically essential "race" and can it win if it started the race with only one running shoe on? Meantime, the fundamentals look good for INTC and its current dividend yield-to-price of 3.55%. That represents a rather high payout ratio approaching 50%. It may be prudent if you're waiting to buy or add to your position to let this "runner" cool off a bit before the stock is ready to sprint much higher. At the time of publication the author was long AAPL. Follow @m8a2r1 This article was written by an independent contributor, separate from TheStreet's regular news coverage.