News Intel confirms recovery hopes

Discussion in 'Article Discussion' started by GreatOldOne, 16 Oct 2003.

  1. GreatOldOne

    GreatOldOne Wannabe Martian

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    Also from the Beeb this morning:

    Intel, the world's biggest semiconductor maker, has turned in higher than expected profits, helped by record sales.
    The California-based firm said net income for the July to September quarter had come in at $1.7bn (£1.02bn), or 25 cents a share, up from $686m during the same period last year.

    The figure was ahead of Wall Street expectations, with most analysts forecasting earnings of 23 cents a share.

    The surge in profits partly reflected a strong sales performance, with revenues climbing from $6.5bn a year ago to a new quarterly record of $7.8bn.


    More here

    This is probably due to the increase in global PC sales
     
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