Update 4: Intel Raises 4th-Quarter Sales Forecast
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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.
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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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The world's largest chipmaker posts its best quarterly sales figures, boosting optimism about profit throughout the industry.
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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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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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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 said its quarterly profit rose 44 percent over last year, reaching $1.3 billion.
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SAN FRANCISCO - Intel is planning for a happy holiday season this month, as it expects to exceed its previous revenue guidance and has made progress in reducing its inventory, the company said Thursday.
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Chip maker's fourth-quarter revenue up 10 percent, led by robust demand for server and notebook processors.
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Chipmaker Intel boosts its prediction of sales for the final three months of the year to $9.3-9.5bn.
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The world's largest chipmaker, Intel, boosts its prediction of sales for the final three months of the year to $9.3-9.5bn.
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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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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 upgraded its Q3 revenue forecast on the basis of surprisingly high demand for chips across its product line.
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Intel gave an upbeat forecast for the coming year, suggesting that the company was making progress in overcoming some of its production problems.
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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.
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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.