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PCs: And the ‘Ominous Signs’ Continue for Q3, Says Cowen

Following a report last night of personal computer sales in Q2 from Gartner that saw the 11th straight quarterly decline, Cowen & Co.’s Timothy Arcuri today writes that the latest manufacturing data from Asia portend “ominous” things for personal computers this quarter.

The manufacturing data that Arcuri has been gathering point to growth below the historical norm for this quarter:

Concurrently, our field work indicates CQ3 ODM notebook builds should increase 3% Q/Q – this is largely unchanged from our work last month but now stands about 300bps below typical (5-yr)...


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