14 Jul 2010

Turnaround reported by Intel

10:19 am on 14 July 2010

Intel has reported better-than-expected results on strong corporate demand for personal computers and servers, despite a slowdown in the technology sector.

The world's biggest chip maker made $US2.9 billion in the three months to June.

That's a turnaround from a loss of $US398 million in the same period a year ago. The result included a $US1.4 billion fine by the European Commission.

Sales rose 35% to $US10.8 billion, which Morningstar analyst Andy Ng says is due to delayed demand for computers while companies rode out the recession.

Intel is optimistic about sales for the rest of year and Mr Ng says he agrees.