Jefferies initiates Intel (NASDAQ:INTC) with a hold. The firm says Sandy Bridge demand remains...

Jefferies initiates Intel (NASDAQ:INTC) with a hold. The firm says Sandy Bridge demand remains solid, but recent data points showing softness in consumer PC demand are concerning. Recently released Gartner and IDC numbers, although strong, aren't nearly enough to drive double digit growth. Shares +0.7% premarket.