Recovery of tech sector? by Barbora Misakova

It seems like the world of technologies will never have serious problems. Until we decide stop using them, but there is little probability that will ever happen. Computers are already used in all spheres of our daily lives; we simply got used on them. That is the reason why technology makers, particularly Intel Corporation, foresee a gross margin. Intel supposed that businesses and consumers will speed up spending after 2009 tough times. They expected a gross margin of 64 percent, plus or minus a couple percentage points. While Wall Street is foreseeing about 60 percent, Intel got on track to potentially surpass the record 64.7 percent. It seems the tech sector is slowly re! covering. Its shares rallied – Advanced Micro Devices Inc and Texas Instruments Inc rose more than 2 percent, Microsoft Corp more than 1 percent. The whole chip market’s stock boosted 3.5 percent. As ITIC analyst Laura Didio said: “What Intel is benefiting from is the pent-up demand, because customers delayed upgrading servers and upgrading desktops over the last several years because of the downturn. They can’t delay anymore, so the floodgates have opened.” If we should compare company’s net income of $2.4 billion in the three months with $629 million in the year-ago period, we would understand what it “boosting” actually means. To get from 11 cents per share to 43 cents is really something! As Stacy Smith, Intel Chief Financial Officer said, Intel brings out a whole generation of exciting products for the industry, that’s why the demand was higher than expected.

related story (sgx16995): http://news.yahoo.com/s/nm/20100413/bs_nm/us_intel;_ylt=AoQ5...

by Barbora Misakova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.