Intel (INTC) CFO Stacy Smith on the Q4 CC, discussing enterprise/government demand: "We saw a tapering off in order patterns at certain customers across certain segments. We think that was driven by the government shutdown and uncertainty." Smith also stated a 2H pickup in enterprise IT spend was a little slower than expected.
Bernstein's Stacy Rasgon, a long-time bear, expressed disappointment over the slowing server CPU division growth Intel reported in Q4 (+8% Y/Y vs. +12% in Q3), and questioned the division's ability to hit an Intel target for low-double digit 2014 growth, especially after sales only rose 3% in 2013.
CEO Brian Krzanich suggests sales of Intel's Bay Trail Atom CPUs for Android tablet designs won't be significant until Q2. Bay Trail carries much lower ASPs than Intel's Core PC CPUs.