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Intel May Be Insane, but Intel Stock Is Still a Bargain

By Rich Smith - Apr 19, 2013 at 7:00PM

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Chipzilla promises 60% margins, but even if it can't deliver, Intel stock is cheap.

A funny thing happened after Intel's (INTC 2.46%) disappointing Q1 earnings release: Despite reporting weakened sales and plunging profits, Intel promised investors quick improvement in gross margins this current quarter -- and a whopping 60% gross margin for the year!

Are these promises realistic? Perhaps not. But in this video, Fool contributor Rich Smith will tell you both why the gross margin target may "miss," and why that miss could be a great opportunity to buy Intel stock.

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