Intel net profit falls 7.9 pc to $1.9 billion

It forecast fourth-quarter revenue of $10.1 billion, plus or minus $400 million, and said gross margins in that period should be 62 per cent, plus or minus 3 per centage points. Further, its revenue fell 7.8 per cent in third quarter to $9.4 billion from $10.2 billion a year ago.
Intel Chief Financial Officer Stacy Smith told Reuters that technology sector was leading the way out of the economic downturn as demand for PCs rebounded.

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