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.

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-- Written by Chris Ciaccia in New York

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