Forrester Research CEO: Intel Revenue Cuts Not That Big A Deal (INTC)

Fresh off yesterday’s 10%+ cut on Intel’s (INTC) revenue guidace, Forrester Research CEO George Colony weighs in to urge people not to panic. Why is George confident?

  • “Intel isn’t the bellwether it once was.” PCs and servers have declined in importance to overall tech spending.
  • Lots of people have been laid off already. Fewer employees mean fewer (Intel-based) computers needed.
  • The “virtualization” trend towards fewer servers is bad for Intel specifically, not bad for everyone.
  • PCs, servers, and communications gear will get whacked. But software and services — which Intel doesn’t offer — will “fare better.”

See Also: Intel Slashes Q4 Guidance: Demand Weaker Than Expected, Everywhere

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