MSFT: A (relatively) bullish MKM note on Intel (INTC...

12:14 PM A (relatively) bullish MKM note on Intel (INTC +2.1%) appears to be giving a lift to the chip giant. The Street is already expecting Intel's PC CPU sales to fall 10% Y/Y in 1H13, thinks analyst Daniel Berenbaum, who believes plenty of bad news is baked in ahead of Intel's April 16 Q2 report. "Longer-term, we maintain our view that INTC will be able to monetize its technology and manufacturing advantage by gaining share in mobility, expanding its foundry business and continuing to dominate the data center space." Other PC-related names are also higher: MSFT +2.2%. WDC +1.4%. STX +1%. Read comments

MSFT price at time of publication: $29.26. Check MSFT price now »

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