QCOM) and ARM Holdings ( ARMH) have been beaten to death. At the risk of sounding like an Intel apologist, I believe the company's mobile advancements -- as modest as they may appear -- are steps in the right direction. NVDA) and Advanced Micro Devices ( AMD). The company's world-class technological and manufacturing capabilities serve as one example. Also, while it's easy to discount Intel on the basis of the company's consecutive quarters of revenue declines -- including a 5% drop in the July quarter -- investors miss the fact that the company is still meeting expectations on margins, which have grown for the past several quarters. Intel's management expects more margin expansion this current quarter.