Intel Predicts 2010 PC Boost

(Updates with Intel's closing stock price)

NEW DELHI, India (TheStreet) -- Intel(INTC) CEO Paul Otellini expects businesses to increase their spending on PCs next year, according to a Reuters report.

Speaking at a press conference in New Delhi, India, Otellini struck a bullish tone, further raising expectations for a recovery in computer sales.

"There is a very good chance corporate spending on PCs will improve significantly in 2010," he said, according to Reuters, but did not provide specific details.

The world's largest chipmaker recently gave strong fourth-quarter revenue guidance, well above Wall Street's estimate, and Otellini has cut a confident figure over the last few months.

This isn't the first time that Intel has fueled talk of a tech rebound. When Intel reported its second-quarter results in July, the chip giant enjoyed its strongest sequential growth since 1988, and Otellini confidently predicted an improvement in the PC market.

In its third-quarter results last week, Intel CFO Stacy Smith said that the PC market is "recovering nicely," as the firm blew past Wall Street's estimates.

Despite Intel's revenue beat, however, the company said that overall enterprise spending remains weak, making Otellini's latest comments particularly significant.

The company has also cited Microsoft's(MSFT) Windows 7 launch as a potential growth catalyst for the PC market, and is seen as a bellwether for the broader tech sector.