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Pros Look Elsewhere After Intel Cuts Q1 Outlook
12 Dec 2011 EST - CNBC.com
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In October, Intel reported third-quarter results that beat expectations. The computer chip maker issued a bullish forecast, brushing aside concerns that increasing demand for tablets would cut into demand for PCs.
“That 3, 4 points of sequential growth turned out to be 6 or 7 points of sequential decline,” said Craig Berger, senior analyst at FBR Capital Markets.
“I think it’s time to be buying some of these other cyclically depressed chip firms,” he added.
Berger mentioned three other stocks worth a look:
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