Intel (INTC +1.7%) bounces in spite of receiving another estimate cut (previous), this time from...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC +1.7%) bounces in spite of receiving another estimate cut (previous), this time from Argus' Jim Kelleher. Kelleher suspects Intel's Q3 results will come at the low end of its guidance range due not only to weak PC demand, but an unfavorable CPU mix caused by soft ultrabook adoption, particularly in emerging markets. He also predicts enterprise Windows 8 (MSFT) adoption won't start in earnest until 2013 (ed: some are worried it might not happen much at all)