‘There is no question that Intel has created value for the world…Intel is arguably one of the most respected companies on the planet, and an undisputed technology leader.’ Me: But the question raised by Geri is as follows: does a company have any economic value if it must constantly reinvest its profits in R&D, as Intel does, to stay ahead of the technology curve, and never distribute cash to shareholders? Once it stops reinvesting, it immediately becomes obsolete.