Intel quarterly results beat Wall Street forecasts

Intel Corporation projected quarterly results that far exceeded the predicted consumer demand for PCs, particularly in Asia. Intel, the world's largest chipmaker, saw its shares increase by 8 percent, which drove the Standard & Poor's 500 stock index futures SPc1 sharply higher. Intel's microprocessors are used in more than three-fourths of the world's personal computers, so these results represent a barometer for the global PC sector of the industry.

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