Intel profit rises, but inventory glut lingers
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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 raised its revenue forecast for the fourth quarter, citing surprisingly strong demand across its line of chips for personal computers.
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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 (INTC), the largest maker of microchips, raised its quarterly revenue outlook Thursday, citing strong worldwide demand for its microprocessors, and its shares jumped more than 7% in after-hours trading.
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Intel Corp. , the largest maker of computer processors, posted a rise in second-quarter earnings on Tuesday, but missed its gross profit margin goal and its shares fell nearly 5 percent.
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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., the worldâs largest semiconductor producer, said yesterday its third-quarter profit rose at the slowest pace in five quarters on record stockpile of computer chips, growing competition and slow sales of PCs.
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Intel Corp  on Monday raised  its third-quarter revenue forecast and said global demand for  computing products was stronger than expected, sending its  shares up 2.8 percent.
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Intel Corp. INTC.O, the largest  maker of microchips, on Thursday raised its quarterly revenue  outlook, citing strong worldwide demand for its  microprocessors, and its shares jumped more than 7 percent in  after-hours trading.
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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-processor demand in the United States is likely to remain low.
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U.S. stock futures pointed to a higher  market open on Wednesday, boosted by Intel Corp.'s  better-than-expected earnings, but the direction of oil prices  after a key inventory report at midmornnig may dictate whether  stocks can hold that upward momentum.
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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. blue chips were little changed on  Friday, but the Nasdaq gained, boosted by Apple Computer Inc.  AAPL.O and chip-maker Intel Corp. INTC.O ahead of their  earnings next week.
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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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Microchip maker Intel Corp.  on Tuesday reported its highest-ever quarterly revenue and boosted its budget for factory and manufacturing investments by more than &#36;1 billion as profits exceeded Wall Street expectations.
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Storage maker EMC&#39;s profit increased dramatically compared to last year&#39;s third quarter, lifted again by continued growth of its VMware subsidiary and EMC&#39;s recent sale of a slice of the company.Net income for the third quarter ending Sept. 30 was $492.9 million, or $0.23 per diluted share, which was 77 percent more over the same period a year ago, EMC said Thursday. Those figures included the&#160;sale of 6 million shares of VMware to Cisco Systems.Excluding the VMware gain, EMC&#39;s net income was $377.8 million, or $0.18 per diluted share. Analysts predicted $0.17.EMC, which&#160;acquired VMware&#160;in 2004 for $635 million, said in February it would&#160;sell off 10 percent of VMware in an IPO&#160;(initial public offering), which was completed in August. EMC said the money would go toward stock compensation for its employees as well as boost the stock price. Intel now also owns a stake in VMware.VMware maintains a huge, 85 percent market share for virtualization software, which allows multiple operating systems to run on one piece of hardware.The technology remains a hot area, since&#160;virtualization enables servers to perform at a higher level, reducing the need for more servers. EMC, which has retained a majority stake in VMware, said third quarter revenue came in at $354 million, 90 percent higher than for the same quarter a year ago.EMC said its Information Storage business reported 8 percent higher revenue, backed by sales of its Clariion and Celerra networked storage systems plus other backup and recovery products.RSA, EMC&#39;s security business, saw revenue grow 22 percent over a year prior. Those gains were attributed to RSA&#39;s authentication business, consumer applications, and event management business.&#160;
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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.