Times of India reports that Intel Corp believes the worst is over for a personal computer industry hammered by the mobile revolution. The US chipmaker forecast third-quarter revenue above Wall Street's expectations, sending its stock 4% higher. Investors have pushed shares of PC companies like Microsoft Corp and Intel to decade-highs, partly on bets that the global slump in PC demand that began with Apple Inc's launch of the iPad four years ago is hitting bottom. "PCs have stabilized," chief financial officer Stacy Smith said after Intel's report. He said he expects shrinking demand from consumers in China and other developing countries to rebound, just as it recently has in the United States.
Is the personal computer still alive and kicking in the short to medium term or is Intel taking it too personally?
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