Intel 2Q results to illuminate strength of PC market amid fears about wobbly recovery
By APTuesday, July 13, 2010
Ahead of the Bell: Intel 2Q results
SAN FRANCISCO — Intel Corp.’s latest quarterly results are coming as some investors worry about wobbliness in the computer industry’s recovery.
Concerns about economic uncertainty in Europe and the slow pace of improvement in corporate spending on technology are weighing on some analysts’ views of technology stocks.
Intel, the world’s No. 1 semiconductor maker, has benefited from strong consumer spending on discounted PCs during the recession, and recent strength in the sale of computer servers to corporations. But companies have been slower to upgrade aging PCs for their workers.
Intel’s commentary on that part of the market will be closely scrutinized.
Intel reports second-quarter numbers after the market closes Tuesday.
Analysts expect net income of 43 cents per share on revenue of $10.25 billion.
