Published in News
Intel happy with investors questions
by Nick Farrell on03 February 2012
Means they dont hate us
Intel is happy that it is not getting the curly questions flung at it by investors last year.
Chief Financial Officer Stacy Smith told Reuters that he likes the questions he is receiving from Wall Street these days. Last year everyone was worried about the PC chip giant's ability to adapt to consumers' growing preference for smartphones and tablets.
They saw falling PC sales and shunned Intel's shares for much of 2011. Now the stock has rebounded since September and recently hit a four-year high. Smith told Reuters last year the concerns were that the drivers of the market weren't going to let Intel grow and that there was something inherent in our architecture that precluded us from being able to participate in fast growing parts of the market.
This year Intel has alleviated both of those concerns.