Intel sees the bottom

Intel has sounded a note of hope that the PC market may have finally bottomed out

Tags: Intel Corporation
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By  Mark Sutton Published  April 16, 2009

Intel has sounded a note of hope that the PC market may have finally bottomed out.

Speaking on an analyst conference call after the release of Intel's Q1 results, Paul Ottellini, CEO went where no other CEO or commentator has been of late, with the statement: "I believe the worst is now behind us".

Intel's results would seem to support this, with a net profit of $647 million during the first quarter, up on a dreadful Q4, but still 55% down on the same quarter last year.  Things are moving upwards, but they've fallen a long way it would seem.

Intel's official statements were guarded though, and in addition to refusing to give revenue predictions for the next quarter, the company had one big warning - enterprises still aren't spending.

Most Intel's recovery has come in the consumer space, and in consumer desktops at that. Enterprises may be struggling with desktops and notebooks that are reaching the three years plus mark, but they are choosing to struggle on with these, rather than go for a hardware refresh.

The situation is further compounded by the fact that, yes, those pesky netbooks, are still gaining popularity, maybe even with corporates, meaning that even stronger consumer sales won't mean huge revenue. While its good to hear a leader like Intel and Ottellini sounding hopeful, its still only a little bit of hope.

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