Wednesday, January 12, 2005
Intel posted better than expected earnings for the fourth quarter, thanks to robust sales for microprocessors used in desktops, servers and its Centrino chipset for wireless notebooks.
During a conference call with analysts, Intel chief operating officer Paul Otellini said that notebooks accounted for half of all consumer PC sales during the holidays.
Tech stocks took a beating Tuesday due to a revenue warning from AMD and concerns about weak profit margin guidance from STMicroelectronics. But Intel's strong fourth quarter seemed to give the technology market a better outlook.
By: DocMemory
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