Eugene David ...The One-Minute Pundit |
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Wednesday, April 14, 2010
Intel Corp. executives say the chip maker's first-quarter results revealed a surprising and encouraging trend: Companies are finally starting to upgrade their workers' laptops.
That's important because corporate spending on personal computers has been one of the last parts of the technology world to thaw as companies unlock budgets frozen during the recession. The news boosted Intel shares to a new high for the year. But there's a catch, according to Intel CEO Paul Otellini: Many companies are buying PCs again because it's simply less expensive than hanging on to older machines that need frequent maintenance. He said many customers were buying computers with older Intel chips, which are less profitable for the company than the newer products. "I'm still not going to go out on a limb, and our customers aren't going to go out on a limb, and say there's a corporate refresh snapback cycle," he said. "People are buying things to replace older machines because it's just cheaper." DOW 500,000!!!!!!!!!!
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