Intel: Sales better than expected

Posted on Wednesday, May 13 2009 @ 20:42 CEST by Thomas De Maesschalck
Intel CEO Paul Otellini told investors yesterday that the PC market is doing a little better than expected:
Otellini said, "We are halfway through Q2. In terms of our order pattern and our billing pattern, it's a little better than expected." June is a key month for the quarter and according to Otellini business is described as "so far, so good."

IDC predicted that shipment volumes in the industry will be down 9 to 10% for the year, but Otellini says that he doesn't think things will be that bad for the industry.

He said, "I'm getting increasingly comfortable that the dip here is not as aggressive as they are showing."
More info at DailyTech.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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