Intel [INTC] this morning held a mid-year update looking at its major business groups and initiatives. The first session was with Sean Maloney, Intel's most important executive next to Paul Otellini, CEO.

Mr Maloney is executive vice president and chief sales and marketing officer. The short video above consists of highlights of his presentation. Mr Maloney said that while other sectors such as consumer have continued to buy, business IT spending has not recovered from last September. The question is will it come back by the fourth quarter?