Lucifer Nuff's life hasn't gotten any better in 2 years
Here he is back in 2010 selling the same fear.........right before the stock rose 50%. lolololol
FBR Sees 'Tablet Effect' Impacting Intel
by lucifer_nuff.Nov 22, 2010 10:50 AM.Permalink
November 22, 2010, 10:31 AM ET.
INTC: Beware The Tablet Effect, Says FBR.
Add FBR Capital’s Craig Berger to the list of folks warning of poor trends in the PC business. Eric, in his column over the weekend, noted the trend to recent low-balling of Q4 by Dell (DELL), and Autodesk (ADSK), as well as Chris Danely with JP Morgan warnings of Asian supply chain weakness.
But not just any weakness: tablets such as Apple’s (AAPL) iPad are cannibalizing the PC, writes Berger.
Berger this morning writes that his checks of the supply chain recently are “slightly weaker” as concerns Q4 notebook PC builds than they were a month ago. For Intel (INTC), he thinks “tepid” growth in notebook units and “slight shrinkage” for desktops means the company will trend toward the lower end of its forecast for the quarter of $11 billion to $11.8 billion.
“The math on tablets is not good for PCs,” writes Berger. “We think every two tablets sold is in place of a PC,” citing grandma, the person who just wants to read email. Berger sees Apple producing 40 million tablets in 2011, and Samsung (SSNLF), Research in Motion (RIMM) and others producing a combined 30 million, cannibalizing 28 million PCs.