Nomura cautious about PC sector amid Intel's revision
September 11, 2012, 3:00 pm TWN
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.