"guidance for the year is very strong with 60 percent gross margins..."
KEVIN CASSIDY, ANALYST, STIFEL NICOLAUS
"There seem to be a lot of investors who thought that Intel's utilization rates would drop and that gross margins would go down with it. Seems like they're managing through this downturn pretty well.
"It seems like PCs were slightly lower than we expected. It seems like they slightly under-shipped the market. They're up 7 percent in the more profitable server market.
"First quarter seems like it's going to be slightly lower than what the Street was anticipating, but we think again that's weakness in PCs, and some in servers, in the first quarter. Looks like their guidance for the year is very strong with 60 percent gross margins -- that would be up from 58 percent in Q1.
"It seems like they're positive and they think they're going to grow in the low single digits. That's because we think, in the second half of 2013, we expect to see growth in the PC market.
"It's the best tool in Intel's toolbox: their manufacturing.
"They're going to push forward and that separates them from their competitors and allows them to come out with lower-power, higher-performance processors in the future.
"Some of these new PCs that are coming out are innovative and can actually start taking back some high-end or $700 tablets. We think that if you get a full PC that is convertible to look like a tablet with touch, we think that's a very compelling product.
The results show that the "PC industry is still around and maybe it was slightly exaggerated that the death of the PC was here."