Intel on the move ?

Intel to report earnings today :

www.tradingmarkets.com : A freeze in information technology spending and a shift toward low-margin processors had caused havoc on chipmakers. However, they seem to be emerging from the industry’s worst downturn in decades and are expected to benefit from the revival of spending on technology in 2010.

– With a all new processor family for 2010, leaving pc’s and going into embedded devices ( mobile devices, wind and electric cars, …) they are ready to expand market share and keep ahead of competitors.

Technically I see a crucial moment. If results are good, it might confirm the latest break through the 20.5 resistance level.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s