Intel CEO Voices Positivity About Future Sales
Good news for Intel, chip makers, PC manufacturers and the economy at
large: Intel's CEO is seemingly upbeat about the industry, and recently
stated that things were "so far, so good" in Q2. The comment came from
the top man Paul Otellini, where we was addressing analysts during a
conference call this week. Specifically, he noted that chip orders have
been "a little better than expected," and compared to how rough Q1 was,
this news is even more wonderful to hear.
Mr. Otellini also proclaimed that he stood by his previous remarks that PC sales have "bottomed out," noting that things seem to be on the rebound and should only get better from here. Better still, Q3 and Q4 are typically very strong for chip makers and PC vendors, as back-to-school and holiday demand typically drives higher than usual demand. Needless to say, Wall Street reacted quite positively to all the positivity, sending Intel's stock up by around 3% in after-hours trading after he made the comments.
Of course, it remains to be seen what'll happen to Intel regarding the whole European Union ruling that claims the company engaged in anti-competitive practices that swayed partners from buying from AMD. That said, it's still great to hear Intel voicing this kind of hope with investors watching -- we seriously doubt Paul would be so forthright if he really had reservations about future orders.
Mr. Otellini also proclaimed that he stood by his previous remarks that PC sales have "bottomed out," noting that things seem to be on the rebound and should only get better from here. Better still, Q3 and Q4 are typically very strong for chip makers and PC vendors, as back-to-school and holiday demand typically drives higher than usual demand. Needless to say, Wall Street reacted quite positively to all the positivity, sending Intel's stock up by around 3% in after-hours trading after he made the comments.
Of course, it remains to be seen what'll happen to Intel regarding the whole European Union ruling that claims the company engaged in anti-competitive practices that swayed partners from buying from AMD. That said, it's still great to hear Intel voicing this kind of hope with investors watching -- we seriously doubt Paul would be so forthright if he really had reservations about future orders.
