Intel's Strong Quarter Fuels Optimism for Tech Sector
By:
DailyFinance.com
Posted on January 14, 2010 at 20:50 PM EST
Demand for consumer technology is back -- and companies and governments seem ready to go shopping for tech again too. Intel ( INTC ), the world's largest chip-maker, handily beat Wall Street earnings expectations Thursday, reporting a blockbuster fourth quarter and forecasting a strong first quarter of 2010. The results are further evidence that the tech industry is on the leading edge of the U.S. economic recovery, and offer reason for optimism heading into tech-earnings season. Intel's results were fueled by strong consumer tech spending -- a welcome development for the economy -- amid signs that corporate technology spending might be set to finally pick up. Continue reading Intel's Strong Quarter Fuels Optimism for Tech Sector Intel's Strong Quarter Fuels Optimism for Tech Sector originally appeared on DailyFinance on Thu, 14 Jan 2010 20:50:00. Filed Under: Intel Permalink | Tweet this! | Comments
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