Intel CEO Says Things Are Better than Analysts Think

From DailyTech: Analytics firms are still predicting a rough quarter for computer and chipmakers as sales are expected to decline even further. Despite the predictions of analysts, Intel still believes that the bottom of the market has been reached.

Intel CEO Paul Otellini talked to investors and analysts at yesterday about the state of Intel. Last month, Otellini boasted that he believed the bottom of the PC market had been reached, a fact disputed by many analysts. He now says that Intel's business for the first few months of 2009 has been better than expected.

Otellini said, "We are halfway through Q2. In terms of our order pattern and our billing pattern, it's a little better than expected." June is a key month for the quarter and according to Otellini business is described as "so far, so good."

IDC predicted that shipment volumes in the industry will be down 9 to 10% for the year, but Otellini says that he doesn't think things will be that bad for the industry.

He said, "I'm getting increasingly comfortable that the dip here is not as aggressive as they are showing."

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