Seagate's Earnings Are Cyclic

You own both Seagate and Intel 26.5 versus the historical average of 11.6 for Seagate. Is that valuation where it is now worthy of being two and a half times the historical average, even with the road ahead that you suggest is rosy? The answer is yes, because the share price and the earnings are always disconnected. But in both cases, I would argue very strongly, these are absolute trough earnings.