Intel rises as sales forecast fuels optimism for PC recovery
Intel rose as much as 4.7 per cent in late trading after the company forecast third-quarter sales that topped analysts’ projections.
Intel rose as much as 4.7 per cent in late trading after the company forecast third-quarter sales that topped analysts’ projections, fuelling optimism that the personal-computer market is emerging from a two-year slump.
Revenue in the current period will be $14.4 billion, plus or minus $500 million, the company said yesterday in a statement. Intel also added $20 billion to its stock-repurchase program, including $4 billion planned for the third quarter.
The PC market has shown signs of improvement...
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