Intel's Confusing Strategy
sramana mitraBy Sramana Mitra:
The PC industry is not seeing a recovery soon. IDC's recent quarterly PC shipment report saw global PC shipments fall 11.4% over the year to 75.6 million units driven by the increased adoption of tablet devices. Besides PC vendors, the trend has also forced chip manufacturers like Intel (INTC) to diversify their operations.
Intel's Financials In the recently ended second quarter, Intel saw revenues fall 5% over the year to $12.8 billion, shy of the market's expectations of $12.88 billion. EPS of $0.39 was in line with the market's projections for the quarter.
By segment, PC Client Group revenues fell 7.5% over the year to $8.1 billion. Revenues from their Data Center group were flat over the year at $2.7 billion while their Architecture group saw revenues fall 15% over the year to $0.94 billion. ...