Intel Shows PC Demand Is Ready For The Holidays

Intel Corp.'s (INTC) strong results suggest that the personal computer market is recovering faster than many had expected only a few months ago. The results also give hope to the rest of the chip industry that demand could be nearing prerecession levels, assuming consumers continue spending through the important holiday season.

On Tuesday, Intel reported results for the third quarter well above its earlier estimates and Wall Street expectations, helped by a return of back-to-school spending, particularly in laptops and netbooks. For the current quarter, Intel predicted revenue would be 23% better than last year and the highest revenue figure since the third quarter of 2008.

Intel makes the chips that run nearly 80% of the world's computers, so its sales serve as a proxy for demand in the PC industry.

Read Full Article from Wall Street Journal

- Posted: 2009-10-14 11:33:45

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