Intel beat Wall Street estimates for both earnings and revenue in Q1.Indeed,the Q1 revenue of 12.80 billion dollars was an all-time record for Intel.The chip maker admitted,however,that its projection for Q2 might be adversely affected by disruptions caused by the Japan earthquake.
Guy Richard,an analyst at Piper Jaffray,felt that Intel's enterprise business was quite good.It was a blowout quarter,much stronger than he expected.
On the other hand,to date,Intel has had little traction in the tablet market.They are behind in getting people to write to their processor and getting people to integrate their product,Mr.Richard observed.
Piper Jaffray,founded in 1895,is a leading middle market investment bank and asset management firm.Based in Minneapolis,it has offices across the U.S.,as well as in London and Hong Kong.
Intel(INTC),Piper Jaffray(PJC)
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