Intel Poised For Mobile Push
Investors will want to hear what Intel CEO Paul Otellini and his team have to say about the company's push into "ultrabooks." Ultrabooks, a term coined by Intel, are designed to compete with Apple's (AAPL) MacBook Air, offering consumers a new breed of super-skinny laptop.
CLSA analyst Chitra Gopal, however, does not see ultrabooks as a threat to the Macbook Air, despite prices reaching as low as $699 on some models. "Meanwhile, touchscreen ultrabooks are on track for the second half of 2012 and Windows 8 tablets will likely be launched in the fourth quarter of 2012," Gopal wrote in a research note. He does not have a rating on Intel.
Ultrabooks were mentioned by TheStreet as one of three signs for a 2012 tech boom.
Gartner's (IT) preliminary results for traditional PC shipments were 89 million units in the first quarter of 2012, down 6.7% quarter-over-quarter, better than the 9.5% drop Gartner was expecting.
Credit Suisse (CS) analyst John Pitzer noted that preliminary PC data from Gartner was better than expected, and believes that the preliminary data could imply upside for Intel, as well as a reduction of inventory. He rates Intel shares "outperform" with a $35 price target. Analysts polled by Thomson Reuters expect Intel to report $12.84 billion in revenue, with 50 cents per share in earnings. During Intel's fourth-quarter earnings, it provided first-quarter guidance of $12.3 billion to $13.3 billion. Shares of Intel are higher in early Tuesday trading, up 0.74% to $28.61. Interested in more on Intel? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: tips@thestreet.comSelect the service that is right for you!
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