Intel Corp (INTC)

[ibc]

Microsoft, Intel: Pac Crest Sees Biggest-Ever Quarterly Notebook PC Drop
http://blogs.barrons.com/techtraderdaily/2016/02/10/microsoft-intel-pac-crest-sees-biggest-ever-quarterly-notebook-pc-drop/

Pacific Crest’s Brent Bracelin, Michael McConnell, and Brendan Barnicle today warns of a “significant” decline in the outlook for the notebook computer market, enough to reduce the financial outlook for Intel (INTC), Microsoft (MSFT), Advanced Micro Devices (AMD), and HP Inc. (HPQ).

Silver lining here:

While concern over near-term fundamentals at Intel is warranted, we remain constructive on the stock over the longer-term given: (1) secular growth trends remain intact in DCG (~50% of operating profits), specifically at cloud and networking customers, (2) optionality on future wireless losses, and (3) limited stock downside at current levels due to historical dividend yield support (4% dividend yield at $26).