Domestic PC partners Dell
A number of analysts were out recently with cautious comments on Chipzilla's near-term quarters. Davenport & Co. analyst Drake Johnstone thinks the company will miss consensus estimates for not just one, but the next two quarters.
Citigroup analyst Glen Yeung also notes that the PC supply chain is deteriorating because of a number of factors, including broader macro weakness, tablet cannibalization, and slow sales ahead of Microsoft's
JPM Securities analyst Alex Gauna doesn't believe Windows 8 will help the state of the PC market much, reducing his full-year earnings and revenue estimates. Sterne Agee analyst Vijay Rakesh similarly thinks investors will be let down by the performance of Windows 8, considering intensifying competition from other mobile devices.
That means were talking about four separate analysts who have revised estimates downward. Remember, though, that the market tends to trade relative to expectations, so toned-down expectations might actually soften the blow if Intel has a weak quarter.
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