Intel sees stronger recovery for PC in 2010. Intel reported 1QFY10 revenue of US$10.3bn (+44% yoy, -3% qoq) and earnings of US$2.4bn (+288% yoy, +7% qoq) on the back of stronger-than-expected demand for microprocessor arising from notebook sales and network servers. We believe Intel’s 2Q-3QFY10 earnings would remain strong driven by notebook/netbook sales from emerging markets i.e. China and India, underpinned by the rising consumer spending as well as resilient corporate IT capex.
Semiconductor : Intel 1Q Earning Boosted By Stronger-Than-Expected PC Sales -14/04/2010
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