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Better-than-expected Q1 PC shipment data bodes well for chip stocks, argues Sterne Agee. The...

Better-than-expected Q1 PC shipment data bodes well for chip stocks, argues Sterne Agee. The firm expects chipmakers to deliver Q1 results in-line with or slightly above expectations, while lifting Q2 guidance. It adds AMD is likely to deliver more upside to estimates than Intel (INTC) due to low expectations, and that the latter could be hurt by weak early sales for ultrabooks, as consumers balk at high prices. (Barclays) (Needham)
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Comments (2)
  • untrusting investor
    , contributor
    Comments (9966) | Send Message
     
    We will see very soon. Would not be surprised to see INTC pullback after it's strong run to date. At some point trader's will be looking to book profits and this might be the excuse.
    16 Apr 2012, 06:55 PM Reply Like
  • rasanders22
    , contributor
    Comments (544) | Send Message
     
    I except some to take profits but the general consensus is that Intel has a long way to go up
    16 Apr 2012, 07:29 PM Reply Like
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