Intel Reportedly Hit by Push-outs From Notebook Makers
Intel (INTC) may suffer the consequences of order push-outs from some Taiwan-based motherboard companies and notebook makers, according to Jefferies semiconductor analyst John Lau.
Lau today repeated his Buy rating on the stock, but cut his price target to $26 from $28. Lau trimmed his September quarter EPS estimate to 34 cents from 35 cents, cutting the December quarter to 40 cents from 41 cents. For the year, he now sees $1.24, down from $1.26. For 2009, his new forecast is $1.54, down from $1.56.
Lau says checks over the weekend found push-outs in desktop units from Dell (DELL) and HP (HPQ) with major motherboard makers like Asustek, while notebook makers like Quanta and Compal now see sequential growth of only 10 to -15 percent, lower than the previous forecasts of 15-20 percent.