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Nomura cautious about PC sector amid Intel's revision

TAIPEI -- The outlook for the global PC hardware sector remains challenging following U.S. chip-maker Intel Corp.'s revision of its quarterly sales forecast, Japanese brokerage Nomura Holdings Inc. has said in a research note.

Hurt by slowing demand, Intel on Sept. 7 cut its third-quarter revenue outlook to US$13.2 billion, plus or minus US$300 million, down from its previous estimate of between US$13.8 billion and US$14.8 billion.

Although most investors know that demand in emerging markets is slowing down, what surprised the market is that Intel predicted declining third-quarter demand in the enterprise PC market, which has been posting stable quarterly growth so far this year, Nomura said Sunday.

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