Doesn't matter if they are bad. Bad has been priced in. Again. And again. And again. And again.
So, there's that.
And the news going forward is much more promising now. Lots of good economic news. Housing is recovering nicely. Unemployment is dropping. Consumer sentiment is improving.
"The economy is improving more than professional forecasters anticipated, particularly in data on employment and housing, according to the Bloomberg Economic Surprise Index, which compares 38 indicators with analysts’ predictions. The index, based on gauges compiled by private businesses and trade groups in addition to government, confirms U.S. growth is generating jobs in the face of a global slowdown and looming federal spending cuts and tax increases known as the fiscal cliff."
In other words, Wall Street has screwed the pooch. Big time.
All the economic improvement is great for Intel going forward...