October 13, 2010

Intel's net leaps 59 pct in omen for PC industry

Intel Corp. offered an encouraging sign Tuesday for what the computer industry might expect from the all-important holiday shopping season.

The world's biggest maker of microprocessors, the "brains" of PCs, reported that its third-quarter net income leaped 59 percent and revenue rose 18 percent. The results topped analysts' expectations and showed that economic jitters didn't ruin consumers' appetite for new computers during the back-to-school crush.

Intel's fourth-quarter forecast suggests that demand is expected to stay solid.

Read more at Yahoo!

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