5 Tech Companies Surviving the Bear

Stock #3: Intel (INTC)

Intel (INTC) has not been immune to the carnage of the bear.

Revenues have been falling during the period, and the company has been forced to lay off employees and cut expenses to keep profit margins intact. Though painful, the damage has been nothing compared to chief rival Advanced Micro Devices (AMD). The number-two chip maker had been making life difficult for Intel prior to the beginning of the recession. But now, as the recession deepens, AMD’s very survival is in question as shares are currently valued at just over $2 per share. AMD is bleeding red ink, and with more than $5 billion in debt the future does not look good.

For INTC, profits are lower, but they are still making money and its debt is much more modest as compared to AMD’s. In emerging from this bear market, INTC may find a friendlier competitive landscape. That alone is reason to own the company.

Next: Stock #4 – Google