- Associated Press - Tuesday, October 18, 2011

SAN FRANCISCO (AP) - Intel says better sales of chips for laptop PCs and computer servers contributed to a 17 percent increase in third-quarter net income and a 28 percent increase in revenue.

The numbers are likely to provide some comfort for investors jittery about the weak state of the global computer market. But they don’t change the underlying dynamics likely to keep PC demand depressed.

Net income was $3.47 billion, or 65 cents per share, compared with $2.96 billion, or 52 cents per share, a year ago.

Excluding special items, earnings were 69 cents per share. Analysts polled by FactSet expected 62 cents per share.

Revenue was $14.2 billion, compared with $11.1 billion a year ago. Analysts expected $13.9 billion.

Intel Corp.’s stock rose 93 cents, or 4 percent, to $24.21.


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