Bruce Greenwald, in his book Value Investing: From Graham to Buffett and Beyond, devoted an entire chapter to Intel and its competitive advantages. Of particular note was its economies of scale which permitted it to spend less on research & development than AMD as a percentage of sales.
That appears to still be true today but less so:
Financial Mathematics Text
Showing posts with label computers. Show all posts
Showing posts with label computers. Show all posts
Friday, July 11, 2014
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