The easy money has been made in many of the semi stocks, including Intel, but I still think some chips stocks have 20 to 25 percent upside left. This is hopefully the pause that refreshes.

Investors will tolerate a small increase in inventories -- about 5 to 10 percent -- as long as there is an expectation of strong third quarter sales.

Intel always has been and will remain a strong tech and manufacturing-focused company.

Intel has a history of making smooth leadership transitions.

Intel's results were impressive given what AMD said. This sends a reassuring signal to the market that PC and server demand is healthy and intact.

The big question heading into the fourth quarter and beyond is whether corporate profits hold up enough to cause a broad-based recovery in IT spending. IT spending is probably at a bottom but the trajectory of the recovery is debatable.

This is disappointing. It sounds like a combination of both weaker demand for PCs and the continuing impact of some of these inventory excesses hurt them. All in all, it's a pessimistic near-term outlook.

Corporate IT spending tends to be quite slow in the beginning of the year. March could be a strong month so it was prudent for Intel to lower guidance.

This shows Intel's determination to stay ahead of the pack and invest in next generation technology in order to meet the market's needs.

We expect Apple to broaden its use of Intel processors with the likely introduction of new low-end and mid-range notebooks and also a likely Mac Mini home entertainment platform based on Intel architecture.