Intel's Best Quarter in Its 42-Year History
Intel announced today that it just had a record-breaking quarter. The chipmaker is the first big technology company to announce second-quarter results, easing concerns that the recovery isn't on track. Here's the Dow Jones report:
Intel has benefited from the strong rebound in demand for personal computers and other electronic devices after a sharp drop during the recession a year ago. The company also has seen improved sales of server chips, which have higher prices and margins, as businesses upgrade their technology. But some analysts worry that demand is slowing amid economic uncertainty in Europe and the U.S., which has sent Intel's shares down 14% this year as of Tuesday's close.
Read the full story at Dow Jones Newswires.