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Intel Profit Rises in Q1

Intel Corp. on Tuesday reported a rise in quarterly profit as revenue reached the second-highest level in the chipmaker’s history, helped by strong demand for its Centrino notebook computer chips.

Net income in the first quarter ended April 2 rose to $2.2 billion, or 34 cents a share, compared with a year-earlier profit of $1.7 billion, or 26 cents a share. Sales rose to $9.4 billion from $8.1 billion, a decline from an all-time company record of $9.6 billion in the fourth quarter of 2004.

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read the full Reuters article.

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