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Intel Shows PC Business Isn't Falling Off a Cliff, But For How Much Longer?

NEW YORK (TheStreet) -- Intel (INTC - Get Report) demonstrated that while the PC business is contracting, it's able to maintain pricing power. Its Data Center business, which has long been touted by many bulls, is a different story altogether.

Santa Clara, Calif.-based Intel said its Data Center Group saw 12% year-over-year revenue growth to $4.14 billion in the third quarter, but, the continued weakness in the enterprise led Intel to lower its target for the group, which has been Intel's strongest in recent memory.

Intel's largest group, its Client Computing Group, which...