July 17, 2013
17:44 EDT INTC Intel CFO: Unprecedented lineup of products coming to market in 2H13
On Intel's (INTC) Q2 earnings conference call, management noted that the company has been slow to respond to the ultra-mobile PC trends. Despite this, CFO Stacy Smith said, "We have an unprecedented lineup of products coming to market in the second half of this year across all of the segments of our business. Haswell delivers historical increases in battery life across a diverse lineup of ultra- mobile form factors. In our phone business, we are on track to ship our next-generation applications processor code-named Merrifield by the end of the year." The company is also on track to start production on its 14-nanometer process technology in the back half of this year. Although still too early to predict Q4 trends, Smith said he expects "seasonal" results and maintained a cautious view on the fourth quarter selling season. Two tailwinds were seen for the back half of the year. First and foremost was the company's product cycle, and the second was an improving macro-economic climate.
I did get the feeling that they were being conservative on their outlook. They spoke of a gradual ramp of new products. We will have to see the uptake in the market but clearly management is enthusiastic about the amount of product they have rolling out over the next year.
Good luck, INTC has to drop a lot more before I would consider it a good long. Future promises from mobile portion of thier businesses vs. the know and (most likely) getting worse PC market is not something I'm going to put my money in. When Ben's sugar rush wears off INTC will be even more vunerable to the downside in the short-term.