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Simply put, this article is a rebuttal of a recent, bearish Seeking Alpha article about Intel’s (INTC) ‘losses’ – as such, this is a bullish article. Its thesis, as the article went, is that Intel losing the Apple (AAPL) iPhone modem business, as well as Apple’s MacBook CPU business, would swing it from revenue and earnings growth, to decline.
The simplest rebuttal to the Apple items is that they are one-time events. To use an analogy from mathematics: if you have a function like y=72+5x, then this could represent