Export Heavy INTEL Sees No Slowdown

Intel (INTC), the world's largest semiconductor company ($130 Billion marketcap), is not seeing a material change in demand in today's enterprise spending environment amidst a possible U.S. recession. Intel CEO Paul Otellini was recently quoted saying the following in an interview with Germany's Spiegel magazine:

"Until now, we are not experiencing any dramatic changes worldwide for our products, not even at home in the United States...Even on Wall Street, which has been severely shaken, considerable investments are being made in this area right now."


Other Interesting Points:
*Exports now account for 80% of Intel's sales ! (NO WONDER they don't feel the effects of a U.S. slowdown!)

*Intel CEO Otellini also said companies normally invested more in information technology during hard times because it was a way of boosting productivity

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Can we EXTRAPOLATE Intel's positive comments and increasingly international sales trends to the other MEGA-Cap Enterprise Tech sector companies like IBM (IBM), Microsoft (MSFT), Hewlett Packard (HPQ), EMC (EMC), Cisco (CSCO), etc. ????



http://www.cnbc.com/id/23970508



Data Courtesy: CNBC.com, snagged on 4/06/08.
Full Disclosure: I own shares of IBM and EMC.