Intel Quarter a Bellwether for Tech Stocks

 
 
By Jessica Davis  |  Posted 2009-04-14 Email Print this article Print
 
 
 
 
 
 
 

Intel (NASDAQ:INTC) may just post better than expected revenues tomorrow when the processor maker announces its earnings results for Q1. Whatever the results, they will be closely watched as a bellwether for other technology companies and for the state of technology spending and demand.

That's because Intel's Q1 earnings will be the first in a new round of earnings reports from technology companies. Plus, Intel's processors are one of the building blocks used by many manufacturers make PCs and servers and storage devices. That means Intel feels the movement of the economy before other technology manufacturers do. And a positive report could mean that more good news is on the way.

The performance of Intel stock over the last month certainly indicates that investors may be looking for some good news from Intel. Intel shares were trading at around $16 on April 13, just head of market close compared to $14.25 on March 16, a month earlier.

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Jessica Davis covers the channel for eWeek and Channel Insider. Her technology journalism career began well before anyone heard of the World Wide Web and has included stints at Infoworld, Electronic News/EDN, and the Philadelphia Business Journal. Her work has also appeared on CNN and Forbes.com. She has covered hardware, software and networking, as well as the business side of technology. She has won several journalism awards, including a national ASBPE award for best staff-written column, and was named Marketing Computers hardest working tech journalist on their inaugural list of top tech journalists. Jessica can be reached at jessica.davis@ziffdavisenterprise.com
 
 
 
 
 
 
 

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