Intel Says PC Sales Slump Hits Bottom

By Lawrence Walsh  |  Posted 2009-05-13 Print this article Print

Good news for solution providers: Intel chief Paul Otellini says second-quarter processor and semiconductor sales are "a little better" than expected and that the decline in PC sales has "bottomed out."

If chips and processor sales are an indicator of the downstream health of the IT marketplace, Intel chief Paul Otellini is signaling that PC and server sales may have stabilized. He told analysts that Intel sales are "a little better than we expected."

Intel stock value jumped 3 percent in after hours trading following Otellini's remarks that personal computer sales had "bottom out" and beginning to rebound. Additionally, he said semiconductor sales are beginning to improve.

Intel isn't releasing guidance on its second-quarter financial performance but is indicating that the second three months of the year will basically mirror the first quarter that produced $7.1 billion in revenue. The first quarter was down 26 percent from the same period in 2008.

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Lawrence Walsh Lawrence Walsh is editor of Baseline magazine, overseeing print and online editorial content and the strategic direction of the publication. He is also a regular columnist for Ziff Davis Enterprise's Channel Insider. Mr. Walsh is well versed in IT technology and issues, and he is an expert in IT security technologies and policies, managed services, business intelligence software and IT reseller channels. An award-winning journalist, Mr. Walsh has served as editor of CMP Technology's VARBusiness and GovernmentVAR magazines, and TechTarget's Information Security magazine. He has written hundreds of articles, analyses and commentaries on the development of reseller businesses, the IT marketplace and managed services, as well as information security policy, strategy and technology. Prior to his magazine career, Mr. Walsh was a newspaper editor and reporter, having held editorial positions at the Boston Globe, MetroWest Daily News, Brockton Enterprise and Community Newspaper Company.

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