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Intel CEO sees PC market pulling out of slump

Posted on Tuesday, September 22 2009 @ 19:48:07 CEST by

Intel CEO Paul Otellini was quite bullish about the PC market at the Intel Developer Forum today, contrary to analyst expectations Otellini believes PC sales may actually grow instead of shrink this year.
The market has been dragged by a clampdown in corporate spending on new PCs, and some computer companies are already looking to next year for a rebound. Sales of cheap little "netbook" computers, used primarily for surfing the Internet, have been a bright spot, but those machines ring up low profits for PC and chip makers. Intel is the world's top maker of microprocessors, the "brains" of PCs.

Otellini said the rebound is being fueled by the fact computers are "indispensable, something that people need in their daily lives."

"I think that the market is poised for a resurgence," he said.



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