“This is disappointing. It sounds like a combination of both weaker demand for PCs and the continuing impact of some of these inventory excesses hurt them. All in all, it's a pessimistic near-term outlook.”
“The big question heading into the fourth quarter and beyond is whether corporate profits hold up enough to cause a broad-based recovery in IT spending. IT spending is probably at a bottom but the trajectory of the recovery is debatable.”
“Investors will tolerate a small increase in inventories -- about 5 to 10 percent -- as long as there is an expectation of strong third quarter sales.”
“Corporate IT spending tends to be quite slow in the beginning of the year. March could be a strong month so it was prudent for Intel to lower guidance.”
“The easy money has been made in many of the semi stocks, including Intel, but I still think some chips stocks have 20 to 25 percent upside left. This is hopefully the pause that refreshes.”
