Tough Week for Intel and Dell (INTC, DELL)

Nasdaq tech giants Dell Inc. (NASDAQ:DELL) and Intel Corp. (NASDAQ:INTC) after peaking on Tuesday (Nov 17th) have dropped 9% and 5.3% respectively.
Intel Corp. dropped 2.9% on Friday, the worse retreat in the Dow Jones Industrial Average, as BofA (BAC) said computer-chip supply may overwhelm demand. Dell Inc. tumbled 9% on Friday percent after profit decreased by more than half.

(Bloomberg) - Dell Retreats
Dell fell 7.2 percent to $14.29. The company, which lost its standing as the world’s second-biggest computer seller to Acer Inc., reported a 54 percent drop in third-quarter net income to $337 million, or 17 cents a share, as sales slid 15 percent to $12.9 billion. Analysts on average predicted profit of 27 cents a share and sales of $13.1 billion.

Intel, the world’s largest chipmaker, and Texas Instruments Inc., the second-biggest U.S. chipmaker, dropped after being cut to “neutral” from “buy” at Bank of America. The bank cut its outlook for the semiconductor industry to “negative” from “positive,” sending technology stocks to the steepest drop of 10 industries in the S&P 500. Intel lost 2.9 percent to $19.24 and Texas Instruments slid 2.8 percent to $24.74.

Fellow Masters, both Dell and Intel are best of breed companies, should the decline continue next week, look for possible entry points (see charts below)

SOURCE: http://www.bloomberg.com/apps/news?pid=20601087&sid=a7eqh9pZVDe4&pos=3