Intel Corporation (NASDAQ:INTC)’s results for their latest fiscal quarter brings about insights not just into the state of the chipmaker’s own business but also the businesses of other companies.
That’s according to Patrick Moorhead, the founder and president of Moor Insights & Strategy, who told The Wall Street Journal that Intel Corporation (NASDAQ:INTC)’s latest earnings also tell a story about companies like Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Hewlett-Packard Company (NYSE:HPQ) and Dell.
Moorhead maintains, however, that the results of the last quarter is not all bad news for Intel Corporation (NASDAQ:INTC).
“This is truly two different stories here. The first one is what this means and what is going on in the PC market and the associated ecosystem but also how Intel has been able to pretty effectively diversify operations. If you look at their latest earnings, 40% of their revenue came from data center, Internet of Things and memory. I think that probably surprised a lot of investors,” Moorhead explains.
Moorhead who was a former corporate vice president of Advanced Micro Devices, Inc. (NASDAQ:AMD) is ranked the top technology analyst in the U.S., Europe and U.K. by Apollo Research in January 2014, The Wall Street Journal notes. Compared to Intel Corporation (NASDAQ:INTC), other companies have also evolved, says the analyst and former technology executive.
“If you look at the PC ecosystem, you have people like Hewlett-Packard, Dell, Microsoft and Apple. I think these companies have diversified themselves a lot, interestingly enough, very similar to Intel. I think the only aberration there is Apple who goes headstrong in all consumer devices but they are certainly not ignoring PCs as well. If you look at their latest MacBook, I expect them to upgrade their entire Mac line next year. For Microsoft, they [have] also been able to diversify themselves but I would say that for a company that is closely tied to the success and failure of the PC, they haven’t fully transitioned to this cloud and mobility business that they are trying so hard to go after,” Moorhead says.
Jean-Marie Eveillard’s First Eagle Investment Management owned about 36.44 million Intel Corporation (NASDAQ:INTC) shares by the end of 2014.
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