Intel Corp (INTC)

[fastpathguru]

James Covello, Goldman Sachs: “Intel lowered its full-year forecast, and this is the fourth time in the last five quarters ... We attribute this to management struggling to accept how cannibalistic tablets and handsets are to PCs.

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Essentially, with Haswell Intel transitioned their design optimization point for their high performance x86 processor to a lower power, higher efficiency level that combined better graphics, power and I/O integration, and system level power management to deliver a better PC experience - and the analysts want to give them zero credit in advance of even a single quarter of sales data, and in advance of any of the more interesting Haswell based designs. Further, they want to continue on the "PC is dead, and Intel isn't getting it" mantra, even though Intel's actual sales volume decline is at half of what the analyst's models predict (based on Ivy Bridge's strength alone), and that's in advance of both of the year's most important PC selling cycles.

Well, fair enough. If people want to bet with their money that Intel is toast, and do it while blind to the significant factors, then be my guest. Just makes for a better buying opportunity for me.

A) It's INTEL lowering their forcast, not analysts. Analysts are just commenting on Intel's need to do it again and again...

B) You might want to consider that the premise that smartphones and tablets are eating into the PC/laptop market might just have a little bit of merit, more than you've been giving it "credit" for.

fpg