Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Corporate Refresh Supports Intel Corporation (INTC); Momentum To Continue

This time Intel Corporation (NASDAQ:INTC) has succeeded to pass on the message that the weakness in the PC industry is almost over as the company reported a robust second quarter results. Though a major portion of its revenue is still contributed by the business buyers, the company is hopeful that consumers too will soon show significant interest in the PCs.

IntelLogo

CNBC has discussed a statement of Intel Corporation (NASDAQ:INTC)’s CEO, Brian M. Krzanich, outlining his views over the factors driving the business.

Krzanich said, “It’s driven by the big  firm factors, the 400 or the 600 million systems four years or older, new price points and window xp in the life end. So all of those things are coming together to drive this.”

Krzanich said that the company believes the corporate PC refresh to last till the end of the current year, and so they have built it in their forecast for this year. Also, Krzanich said that the impact of ramp up in its chips production reflect into the company’s fourth quarter gross margins.

Though the company has not reported any major attention from the consumer segment, but they are expecting the new chips will be able to record some success this year, particularly, the developed markets.According to a rough estimate of business revenues split between business and consumers, Intel Corporation (NASDAQ:INTC) projects that 60% of it are contributed by the consumers segment and the rest 40% is from the business. The company is optimistic that the sales in the consumer segment would pick up, supported by continued momentum in small and medium enterprise refresh. The recent softening in demand of tablets further strengthens Intel’s optimism.

Summarizing the results, Intel closed the second quarter with $2.8 billion net income that is $0.55 per share, in comparison to $2 billion or $0.39 per share during the previous year. The revenues too scaled higher by 8% to $13.83 billion. Following the news, the shares of the company jumped by nearly 5% to $33.25, its 15-year high.


Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!