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Wednesday, Jul 17
Intel (INTC) now -4.4% AH following its Q2 report, thanks to downbeat CC remarks. The chip giant...
Intel (INTC) now -4.4% AH following its Q2 report, thanks to downbeat CC remarks. The chip giant says channel inventory has grown following the Haswell launch, and (as reflected in Gartner/IDC's Q2 numbers) that Chinese sales have weakened. The chip giant also admits 2H visibility is limited for now. Intel is banking on improving macro conditions and a flurry of Haswell/Bay Trail notebook, tablet, and convertible launches later this year to lift sales. RBC and Bernstein aren't sure if Intel has lowered guidance enough. AMD -0.7% and HPQ -0.6% in sympathy. AMAT -0.5% thanks to the capex guidance cut.