Intel to showcase new chips as investors eye stagnant PC sales
SAN FRANCISCO (REUTERS) - Intel Corp will tout a new generation of processors next week that consume less power, hoping to reinvigorate a stagnant personal computer (PC) industry and soothe increasing concerns about its growth.
Wall Street is reassessing its outlook for the top chipmaker after Hewlett-Packard Co and Inc warned last month of weak demand for PCs. At least eight analysts have reduced their revenue estimates for the dominant PC chipmaker since late August, pointing to poor economies in Europe, the United States and China, as well as the growing popularity of mobile gadgets.
The top chipmaker is banking on Microsoft Corp's much anticipated launch of its Windows 8 platform in October to help slow the growing numbers of consumers buying smartphones and tablets instead of personal computers.
Devices running Windows 8 and powered by Intel's latest components will be a major draw when thousands of technology professionals descend on the annual Intel Developer Forum in San Francisco next week.