“I don’t think you can over-estimate the significance of Intel’s revenue expectation revision this morning: The new mid-point of $9 billion is a half billion dollars more than the $8.55 billion the company originally anticipate,” Jim Goldman reports for CNBC.
“But even more important than the revenue increase is Intel’s expectation of even higher margins,” Goldman reports. “Why is that significant? Intel surprised some analysts with its second quarter report because gross margins were actually better than expected, and the company’s margin outlook was equally rosy.”
“The news signals a rising tide for tech,” Goldman reports. “Not a tsunami, but a rising tide, and I suspect choosy tech investors who’ve been sitting on the beach all this time might be getting up to dip their toes in that water.”
Full article here.
AAPL closes above $170! It actually opened above $172.
My toes have been in the tech waters, Jim. The tech waters in the famed Apple lagoon of wonders, that is, where new and improved OS releases come out every couple of years and everything just works.
Choosy tech investors choose JIF.
It’s a good sign…wonder if there will be anything “Intel Inside”
on some upcoming future Apple product? They were kinda left out in the cold on the iPod/iPhone guts. I’d like a 10″ Atom Macbook, not a tablet. How do you hold and use a touch tablet more than 5 minutes, anyway…it’s like when I used to get in trouble in class and have to come stand before the class and hold books until my shoulders fell off as punishment.