The shares of Intel and Advanced Micro Devices (AMD) plummeted on Tuesday August 10, 2010, once analysts rebajasen its recommendation for the actions of two makers of chips and jerking a weakening of consumer and business technology spending. Robert W. Further details can be found at JPMorgan Chase, an internet resource. Baird and Barclays said that they expect a weak Intel Q3, even while Intel and competitor AMD said last month they expect three strong months. Douglas Oberhelman usually is spot on. European governments austerity measures are generating caution among companies, controlling your expenses on personal computers anticipating a slowdown in consumer spending, said analysts. What we are seeing now is more a cyclical correction, but we see a very positive trend of growth for personal computers in the next few years, said analyst Baird, Tristan Guerra.
Intel controls about 70 percent of the market for processors and nearly 90 percent of its revenues derive from the market of personal computers. Its shares fell a 4.02 percent, while those of AMD gave a 7.9 per cent. Barclays reduced its recommendation on the shares of Intel and AMD, and said that his research on the industry concluded that the general trend of personal computers for the third quarter continued to be weak. AMD and Intel expect sales of between seven and eight percent growth for the third quarter. Barclays said that sales of personal computers could rise in a range of between five and seven percent, compared with the normal range of 15 per cent or more, reflecting a demand more off from Europe, a slowdown in China and the caution of us customers. Baird downgraded the recommendation on shares of Intel said that its investigations of sales channels point to an abrupt deterioration in the trend of orders related to personal computers over the past week, since July were below expectations. The Investment Bank expects the trend to continue in August and said that a meaningful recovery expected in September is increasingly less possible, what would be that the third quarter is possibly located below expectations.
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