Intel Corp. and others in the PC industry are counting on emerging markets to jumpstart growth, as consumer demand in the U.S. and Europe has sagged. On a conference call with analysts Wednesday to discuss Intel's second-quarter results, CEO Paul Otellini addressed how investors should measure Intel's success in those emerging markets, such as Brazil, Russia, India and China.
Question: Can you give us a better sense of how we can track growth in those areas?
Answer (Otellini): There's no better way than by putting feet on the street. I was just in Brazil and, you know, the fact that Brazil will become the third largest country market in the world for computers next year is pretty astounding. You know, it wasn't too long ago when they were No. 6 or 7. And so it's the real-time dynamic of these markets waking up, an increase in disposable income, a decrease in the cost of computing, a decrease in the cost of bandwidth and connectivity all coming together. ... Some of this stuff is below the radar screen of some of the third-party trackers, but we see it real-time because we've got feet on the street."
Source:AP
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