When Intel (NASDAQ:INTC) reported earnings, the company announced that it had successfully met the reduced expectations of analysts. After the collective yawn was complete, investors looked toward the fact that the company did not alter guidance for the rest of the year, but did revise its projections of spending for capex. Against the backdrop of falling PC sales and struggling customers -- including Dell (UNKNOWN:UNKNOWN) and Hewlett-Packard (NYSE:HPQ) -- any positive news for the chip maker has the potential to have far-reaching consequences.

In this video, Fool.com contributor Doug Ehrman discusses Intel's results and what they mean for the next few quarters.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.