SOURCE: The Bedford Report

The Bedford Report

May 30, 2011 08:16 ET

Semiconductor Sales Robust Despite Threats From an "Incremental Device"

The Bedford Report Provides Analyst Research on Intel & AMD

NEW YORK, NY--(Marketwire - May 30, 2011) - As the economy inches its way towards recovery, shipments of microprocessors are expected to improve. According to the market research firm International Data Corporation (IDC) shipments of PC microprocessors are expected to surge by 10.3% this year, and market revenue is expected to grow 17.6% to nearly $43 billion. In all, IDC predicted that nearly 415 million processors will be shipped in 2011. The Bedford Report examines the outlook for companies in the Semiconductor-Broad Line industry and provides research reports on Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NYSE: AMD). Access to the full company reports can be found at:

www.bedfordreport.com/2011-05-INTC
www.bedfordreport.com/2011-05-AMD

PC semiconductor shipments were up 7.4 percent in the most recent quarter as manufacturers stocked up on Intel's Sandy Bridge and AMD's Fusion lines. Overall, IDC says Intel has more than 80 percent market share, while AMD has roughly 18 percent. ICD adds that Intel is the clear leader in mobile chip sales, controlling in excess of 86 percent of the market.

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 free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Intel does not believe that tablet computers such as the iPad will make much of a dent in laptop sales and thus Intel's core processor business. CFO Stacy Smith argues that tablets are an "incremental device" with limited applications that appeal to upscale consumers, not the mass market or businesses. At most, Smith predicts, tablet sales will be around 100 million in 2013, with one-third of them replacing potential PC sales

Smith believes that Intel is on track to post revenues of $50 billion this year, and the company reiterated its Q2 outlook.

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