An article in the New York Times (September 9,2012) describes Intel’s lowered revenue forecasts as orders from OEMs like HP and Dell soften. The company had bet on sales growth of ultrabooks, which are between tablets and laptops. But OEMs are lowering their inventories to wait for clarity regarding demand, not sure if the tablet market growth will squeeze ultrabook demand. Are lower chip demands a reflection of risk averse OEM behavior in the face of market mix uncertainty regarding the composition of tablets, ultrabooks and laptops ? Or is it the demand slowdown in China ? Or the delays in the introduction of windows 8?