FBR Capital Markets has published a research report on Intel INTC stating that consumer excitement for Ultrabooks may be premature.
In the report, FBR writes, " Ultrabooks will compete against Apple's MacBook Air with metal casings, smaller non-removable batteries, flash drives, and sleeker form factors. While Intel recently said Ultrabooks may comprise 40% of the notebook market by the end of 2012, we hear only a few prototypes are set for release in 2011, with most OEMs preferring to wait for Nvidia's Tegra 3 on Windows or Intel's Pine Trail platform; both launch in 2H12. Thus, Ultrabook shipments may be minimal until late 2012 or 2013. "
FBR maintains its Market Perform rating and $27 price target on Intel, which closed Friday at $19.77.
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