Intel raises sales forecast

28.08.2009

"If current demand trends continue, we expect revenue for the second half of the year to be stronger than the first half," he said in a statement.

IT investors reacted positively to the upbeat forecasts. Intel shares rose by $0.93 to trade at $20.40 three hours after the U.S. markets opened Friday. Advanced Micro Devices was up by $0.22, to $4.45; HP was up by $0.34, to $45.50; and Dell was up by $0.61 to $16.26.