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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Diamond Jim who wrote (78963)4/14/1999 12:58:00 AM
From: Diamond Jim  Respond to of 186894
 
prodigy.excite.com

Intel First Quarter Net Slightly Above Forecasts

Current quotes (delayed 20 mins.) INTC 60 1/2 -3/4 (-1.22%)
CPQ 23 7/8 -3/16 (-0.78%)

By Therese Poletti
SAN FRANCISCO (Reuters) - Intel Corp., the world's largest computer chip maker, Tuesday reported first-quarter earnings slightly above Wall Street's expectations, easing concerns about the possibility of a major slowdown in PC sales after Compaq's warning last Friday.

"Intel's numbers indicate that the PC market is still hot," said Ashok Kumar, an analyst with US Bancorp Piper Jaffray. "It's not super hot, but it's healthy."

Santa Clara, Calif.-based Intel said its first quarter net income rose to $2.0 billion, or 57 cents a share, from $1.3 billion, or 36 cents, a year earlier.