Intel Says PC Sales "Bottomed Out"

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    NEWSLETTERS

    Intel says the personal computer market "bottomed out."

    Intel Corp.'s CEO says personal computer sales "bottomed out" during the first quarter and that the industry is recovering.

      The chip maker reported a profit of $647 million, or 11 cents per share, blowing past Wall Street's tepid forecast of 3 cents per share.
     
    Sales of $7.1 billion were about $100 million higher than estimates.
     
    As the world's largest semiconductor company, Intel's results are used to gauge the demand for personal computers and are a proxy for the health of technology spending overall.