Intel (INTC -2.7%) remains lower following its Q3 report, which was accompanied by soft guidance...
Wednesday, October 17, 2012, 11:16 AM ETIntel (INTC -2.7%) remains lower following its Q3 report, which was accompanied by soft guidance and cautious earnings call remarks (I, II) about demand and inventories. Dell (DELL -1.6%) and Nvidia (NVDA -1.7%) are off, but most other PC industry names are near breakeven. There's plenty of downbeat sell-side commentary: Goldman predicts margins will fall further in 1H13, and Nomura thinks Intel's declining cash balance (now at $3.4B) will limit stock buybacks. Bulls are predicting Windows 8, for which expectations have fallen considerably, will provide a lift.
TECH ETFs IN FOCUS
Latest Tech Articles