Intel Rises After Cutting Inventory, Easing Concern Over Demand
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Shares of Intel Corp., the world&#39;s biggest computer-chip maker, rose after the company surprised investors by paring its record stockpiles, easing concern that computer demand would slump through the end of the year.
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Microprocessor giant Intel slightly exceeded the lowered third-quarter expectations it had set for itself last month. But growth was inhibited by inventory adjustments at some of major customers and lower than expected PC demand.
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Intel Corp  said on Monday that its third-quarter revenue would likely exceed its previous forecast, boosted by stronger-than-expected demand.
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SANTA CLARA, Calif.âDriven by demand for flash-memory chips used in cellphones, Intel Corp.&#39;s third-quarter profits rose as the chip-making giant struggled to overcome lacklustre PC sales, growing inventory, product missteps and stiff competition.
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Driven by record sales of server and mobile microprocessors and a bigger slice of the flash memory market, Intel Corp.'s third-quarter profits rose 15 percent even as it struggled with lackluster PC sales, excess inventory and stiff competition.
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Intel Corp., the world&#39;s biggest computer-chip maker, doubled its quarterly dividend and boosted its stock buyback program by $11.
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Shares of Intel Corp. INTC.O rose  about 3 percent on Wednesday after the leading chipmaker  reported better-than-expected quarterly results and raised its  manufacturing spending plans.
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Intel creates a more powerful memory chip without increasing its size, confounding warnings that the firm had hit its technical limits.
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Intel Corp.&#39;s third-quarter profits jumped 15 percent and sales edged higher even though the semiconductor giant struggled with weak demand for desktop computer microprocessors, excess inventory and growing competition.
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Intel Corp.  on Tuesday said quarterly profit rose 15 percent, helped by record sales in Asia and stronger demand for notebook and server computer chips, and gave an outlook that reassured jittery investors that it could grow despite tough market conditions.
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SAN FRANCISCO Intel, the largest semiconductor maker, has reported that its profit for the third quarter rose 15 percent from a year earlier, though it continued to struggle with an inventory glut that has reduced its profit margins.
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Intel Corp., the world's largest chip maker, raised its third-quarter revenue outlook on Monday due to stronger-than expected demand for its microprocessors.
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Intel reported its third-quarter profit rose 15 percent from a year earlier, though it continued to struggle with an inventory glut.
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Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion.
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U.S. stocks finished little changed on  Thursday, pausing after Wednesday's sharp rally. But after the  closing bell, shares of Intel Corp. INTC.O shot 7 percent  higher as the chip maker raised its revenue target.
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U.S. shares are set to open higher on  Friday, buoyed by Intel Corp. INTC.O after the world's  largest chip maker raised its quarterly revenue target due to  strong demand, but all eyes will be on jobs data before the  opening.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest maker of microchips, on Thursday raised its quarterly revenue outlook, citing strong worldwide