Thank You, Intel
The VAR Guy is locked in a hotel room tonight in Atlanta. The business coverage on CNBC is depressing. Inflation. Rising consumer prices. Rising energy prices. Is there any good news out there? Actually, yes. We all owe Intel a big thank you today. Here’s why.
With one small statement, Intel pumped some confidence back into the PC market. And the chip giant managed to perk up investors a bit, too. Although Intel’s Q1 income wasn’t all that impressive, the company said it it stands by its margin guidance for this year.
Sweeeeet. Intel shares apparently jumped 8 percent on the news. Alas, The VAR Guy isn’t an INTC investor. He’s too busy pumping his money into room service — which still hasn’t arrived.
Still, he’ll sleep a little better tonight — now that Intel has lifted his spirits.