Chip Stocks Up on Intel Personnel Changes
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The chip sector enjoyed some gains Thursday, led by Intel, which announced an executive shuffle, and other industry players whose shares rose after getting a boost from analyst upgrades.
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Intel has doubled the capacity of phase-change memory, a likely replacement for flash.
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Green Christmas. Intel (nasdaq: INTC - news - people ) on Thursday pumped up the range of its fourth-quarter sales forecast. The Pentium chip maker cited muscular global holiday demand for its microprocessors.
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Intel Corp., the world's largest computer chip company, is not suffering from overcapacity and new areas are emerging that will increase global demand for microprocessors, its chief executive said Friday.
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U.S. stocks recovered from earlier  losses and rose early Thursday afternoon, with National  Semiconductor Corp. NSM.N shares surging after the chip maker  said problems with excess inventory in the distribution channel  are behind it.
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Stock index futures added to gains on Monday after Intel Corp  revised its revenue outlook higher, setting the stage for the chip sector to help the market shake off last week's losses.
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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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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
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Chipmaker Intel sees its latest profits surge 43%, lifted by strong demand for its laptop microprocessors.
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Stocks advanced on Monday, helped by deal news, cheaper oil and positive broker comments on the chip sector.
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Shares in Intel, the world&#39;s largest semiconductor company, surged by nearly 8 per cent in after hours trading after it raised to between $9.3 billion to $9.5 billion, from a range
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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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Several brokerages raised their share price targets for Intel Corp.  on Wednesday, betting the leading chip maker would improve after reporting disappointing profit margins for the last quarter.
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U.S. stocks rose on Friday, helped by  chip shares after a brokerage upgrade and housing stocks after  a weaker-than-expected jobs report eased investor concerns of  aggressive interest rate hikes by the Federal Reserve.
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After a busy two years reorganizing LSI Corp., the new leadership of the company, which includes several former Intel Corp. executives, is ready to do battle in the competitive markets for storage and networking chips.
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SAN JOSE, Calif. -- Intel Corp.'s second-quarter profit jumped 44 percent on strong sales of microprocessors, but the company's shares fell amid signs that fierce competition continues to push chip prices lower.
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Intel Corp.&#39;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.