Here’s some evidence that things are picking up from the world’s largest chip maker, Intel. Intel chief executive Paul Otellini met with analysts at the company’s headquarters May 12 and said he sees business gaining traction, with 2Q orders better than expected.
What’s driving the action? consumers. Buying compact and powerful. Such as…
A netbook is basically a PC that connects to the Web, with a small screen and external storage. Typically they sell for under $300 in the US. Here’s a photo of one:
In the larger picture, the world is a consumer economy. What began in the 1940s in America stirred into the automobile boom, highway boom, gas boom, suburb boom and baby boom of the 1950s and 60s. By the 1970s, 80s, 90s and 00s that wave hit the UK, Europe and now Japan and China in a big way. It’s still a breaking wave.
Consumers now are the economy from San Francisco to Shanghai. Intel knows. Worth paying attention to as a leading indicator, especially since Intel also made a radical, cool motorcycle to celebrate its 30 years making embedded chips. Now it’s the embedded economy. Check it here, it’s got wheels:
Intel’s CEO comments come as no surprise to me that what’s driving the signs of growth? The Internet. Or what I call the Webs. PC, Mobile and Gaming. These are what I refer to as the Three Horsemen of Technology. The Three Musketeers of The Global Economy.
Driving PC sales? consumers. Not business. At my company Taleee our software and algorithms measure consumer opinion from across the Web and the data shows that netbooks and next-gen mobile phones (which are more mobile Web than phone) are the two hot items consumers are after.
One of the greatest axioms of investing is “buy when nobody is buying” but if you happen to watch CNBC or financial TV you’d never get that advice. The media always trails the reality. It reflects what was, not what is. That’s why it’s important to look at technology companies that serve consumers for economic growth, and listen when a company like Intel provides insight into its business.
Good to see things are stirring…nice piece Steve
Rumble on, can I buy one of those bikes?
I especially enjoyed the comment about media being behind the time. Computers are everywhere these days and not just in a PC. I was recently in China and everyone has a mobile.