The 1% decline in HP commercial PC revenue is not good because those are higher end systems than consumer. If total notebook units were up 21% but with flat revenue, then HP is making up for lost commercial notebook sales with those $200-$250 consumer notebooks that have become popular. Hopefully the commercial PC sales decline is due to HP customers switching vendors during the HP company split that is in progress now. There may also be new worries due to HP underestimating the effect of the strong US dollar.
You just can't trust the after-hours trading either to the upside or the downside. The stock is just too thinly traded in these exchanges. Note that the 'ask' of 34.08 is for just 100 shares. Some large dark pool trader wanting to buy in the morning at the best possible price would glad throw away a few hundred shares after-hours for well below market close just to give the illusion of a sell-off in the hopes that some rubes out there will place some market orders tonight to sell at tomorrows open. And some people will do just that. Best to ignore this activity and wait until the trading volume returns in the morning to see what the price action for Intel really is.
There was a strong downmove on January 23rd on the intel stock. It could be possible that this has a relation with the death of Saudi Arabia's King Abdullah.