Intel Counters Cisco, Says Corporate Demand Is Unchanged
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Intel Corp. Chief Executive Officer Paul Otellini said demand from large corporations is in line with the company’s expectations, including in Europe, countering comments yesterday from Cisco Systems Inc.
“We haven’t seen any change in enterprise in Europe,” Otellini said today at a meeting for investors at the company’s headquarters in Santa Clara, California. “The year is playing out just as we expected. Enterprise is good. It’s not fantastic.” Intel, the world’s largest chipmaker, also reaffirmed its forecasts for the second quarter.