- The Washington Times - Tuesday, April 14, 2009

SAN FRANCISCO (AP) - 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.

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