SOURCE: The Bedford Report

The Bedford Report

October 15, 2010 08:46 ET

Microchip Makers Downplay iPad Threat

The Bedford Report Provides Analyst Research on Intel Corporation and Analog Devices

NEW YORK, NY--(Marketwire - October 15, 2010) - After a poor start to 2009 prompted companies to reduce investment and cut production capabilities, surging microchip demand in 2010 has led to supply shortages as chip makers struggle to fill orders. Although performance in this industry is expected to be strong, inability to immediately increase production may limit the upside companies see in this industry as the microchip manufacturers are already operating at 96% of capacity. Even with investment in the semiconductor industry expected to increase by 84% this year, any increases in microchip production won't be realized for many months. The Bedford Report examines the outlook for companies in the Semiconductor - Broad Line Industry and provides research reports on Intel Corporation (NASDAQ: INTC) and Analog Devices, Inc. (NYSE: ADI). Access to the full company reports can be found at:

After Tuesday's close, Intel raised hopes for investors in the Semiconductor Industry when they posted a 59 percent jump in its net income and an 18 percent revenue increase for the third quarter. Additionally the company forecasted fourth-quarter revenue between $11 billion and $11.8 billion. Intel is seeing strong demand for an overhauled line of microprocessors, and believes that the Apple-led resurgence in tablets -- with the iPad -- will eventually "be additive to our bottom line and not take away from it."

The Bedford Report releases regular market updates on the Semiconductor - Broad Line Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Analysts had been forecasting negative long term effects of the iPad on the PC industry. According to market research firms Gartner and IDC's estimates worldwide PC shipments grew 7.6 percent during the quarter, well below its anticipated projection of 12.7 percent. Intel's CEO Paul Otellini downplayed the threat from tablet computers like Apple's iPad, and noted that the year should still be pretty good for PC makers and forecast an 18 percent increase in industry growth.

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