A "Wintel Resurrection" is underway, declares Jefferies' Mark Pipacis, who's raising his PT on...

|By:, SA News Editor

A "Wintel Resurrection" is underway, declares Jefferies' Mark Pipacis, who's raising his PT on Intel (INTC +1.4%) to $27 while reiterating a Hold. Lipacis is more upbeat about Chipzilla following Computex, and is encouraged by Clover Trail and Bay Trail Atom CPU traction, the Galaxy Tab 3 design win, and Microsoft's (MSFT) more aggressive Windows 8/Office pricing. Last week, Piper, Sterne Agee, and JPMorgan all raised concerns about Bay Trail's potential to cannibalize sales of costlier notebook CPUs.