Intel CFO Sees Signs of Business Spending

Intel Corp. (INTC) Chief Financial Officer Stacy Smith said evidence is beginning to emerge that corporations are returning to technology spending, although such spending is driven more by the savings offered than by any spending increases.

“Our sales guys are picking up more interest at corporations,” Mr. Smith said in an interview Thursday. Conversations with customers, he said, are often focusing on the value proposition inherent in upgrading to new computers and servers.

“In general, what we see is that things are improving,” Mr. Smith said. The stimulus package in China has provided a direct boost to the PC market because of the government’s efforts to close the digital divide among its population. And while the European market isn’t yet showing strength, the U.S. market appears to be improving.

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