Intel Posts Higher Profit, Sales
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Computer-chip maker Intel Corp. said yesterday that earnings for its third quarter were $1.9 billion -- up 15 percent from the same quarter a year ago -- but the company cautioned that computer
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SEMICONDUCTOR giant Intel has dramatically raised the range of its fourth-quarter sales forecast as it benefited from strong holiday demand for microprocessors.
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Intel Corp  on Monday raised  its third-quarter revenue forecast and said gross margins would  be at the high end of its target range, citing  stronger-than-expected global demand for computing products.
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Microsoft Corp. on Thursday said its first quarter profit climbed as personal computer sales and business demand fueled higher sales.
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Intel&#39;s revenue increase for the fourth quarter fell short of analysts&#39; estimates in part because of weak prices for memory chips.The company recorded revenue of $10.7 billion, up 10.5 percent year over year, missing the $10.8 billion estimated by analysts polled by Thomson Financial.Though revenue from computing-related products was as expected, NAND memory revenue was lower than expected, Intel said in a news release.The company reported net income of $2.27 billion, below analysts&#39; estimates of $2.38 billion. Earnings per share were $0.38.Intel in November rolled out its next-generation Penryn processors,&#160;which the company claims provide better power efficiency and graphics performance than its earlier chips. Manufactured using the 45-nanometer process, the company first launched Penryn chips for workstations and in early January rolled out 45-nm chips for servers, laptops, and desktops.Intel is expected to launch processors for its Montevina platform, an upgrade to its mobile Centrino platform, later this year. It will also roll out Menlow, a platform for ultramobile computers, later this year. Intel is also working on a new chip architecture code-named Nehalem, which will appear in late 2008.
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Intel Corp.'s fourth-quarter sales are on track to break a company record as demand for the chips that power computers was stronger than originally expected in the weeks leading up to the holiday buying season.
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Strong demand and reduced stockpiles foretell a dramatic rise in chip giant Intel&#39;s sales outlook, the firm says. The company, whose chips power most of the world&#39;s PCs, said it expected sales of $9.3-9.5bn
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Intel said it now sees third-quarter revenue between $9.4 billion and $9.8 billion, boosted by stronger-than-expected demand.
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Profits at Intel soar even as competition from smaller rival Advanced Micro Devices forced chip prices lower.
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Driven by demand for flash memory chips used in cell phones, Intel Corp.'s third-quarter profits rose 15 percent, but also warned that its gross margins are sagging, and it continues to suffer from a buildup of inventory.
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Intel Corp  on Tuesday  posted a 51 percent rise in quarterly net income, paced by  brisk sales of its microprocessors used in notebook personal  computers, and gave a forecast that lagged some analyst  estimates.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest chip maker, on Tuesday reported a 15 percent rise in quarterly profit on an improved personal
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Shares of Intel Corp.  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 Corp.'s profit leaped 51 percent as sales of microprocessors accelerated in the fourth quarter, but its shares plummeted on signs that the world's largest semiconductor maker is feeling the pinch of an ailing U.S. economy.
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Microchip maker Intel Corp. on  Tuesday reported its highest-ever quarterly revenue and boosted  its budget for factory and manufacturing investments by more  than $1 billion as profits exceeded Wall Street expectations.
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Driven by demand for flash memory chips used in cell phones, Intel's profits rose as it struggled to overcome weak PC sales, growing inventory, product missteps and stiff competition.
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Hewlett-Packard Co , the  world's largest personal-computer maker, on Tuesday reported a  higher quarterly profit as it sold more PCs and server  computers.