There was plenty of chatter going into Intel earnings that the quarter included double ordering. Intel CEO Paul Otellini said the company hasn’t “seen it in the marketplace or in the requests from our customers.”
Meanwhile, at the same time on the same day in a conference call going on elsewhere in Silicon Valley, Seagate Technology sales and marketing chief Brian Dexheimer said just the opposite: “I certainly would not deny that we are suspicious that there’s some of that going on.”
Seagate attributed the situation to shortages; Intel didn’t claim shortages, but did say its inventory is lower than it would like.
At the same time, motherboard sales into PCs are slipping. And don’t go pointing to the boom in notebooks: According to BofA analyst Scott Craig, motherboard notebook shipments are expected to slip to 5% growth from the third quarter versus normal growth of 21%.
Something’s outta whack.