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14 November 2012
Shareholders in Intel Corporation (NASDAQ:INTC) saw their holdings drop another 2.48 percent on Tuesday, as shares fell 51 cents to $20.25.
The company is approaching a new low for the past year. Over the past 52 weeks, the price has ranged from $20.18 to $29.27 per share.
So far in 2012, the stock has lost about 18 percent of its value.
The value is almost 20 percent lower than it was five years ago.
It was not a universally poor day for chipmakers. Advanced Micro Devices (NYSE:AMD) gained five percent in value but that is largely on the basis of reports the company may sell its assets.
Intel faces increasing competition from within the United States and overseas.
Apple is high on the list of mobile chips, and Microsoft uses ARM chips for its new line of tablet computers, Microsoft Surface.
Google and Samsung’s Chromebook also uses ARM chips.
Intel still has fans in the investment community, however. Ken Fisher points to the stock’s high dividend rate and low price-to-earnings ratio as reasons to consider the company.