Intel Outlook Points To PC Industry Recovery

Wednesday Jan 20th 2010 by Staff

Analysts say Intel's excellent 4th quarter, including the highest gross profit margin in its history, supports the idea that an economic recovery is well underway. For the 4th quarter of 2009, Intel reported the highest gross profit margin in its history, 64.7 percent. It earned $2.3 billion, more than nine times what it earned for the same quarter in 2008.

Stacy Smith, Intel's chief financial officer, said that he believes companies will begin replacing old PCs this year--a good sign for the technology industry as a whole. Intel execs also suggested the chip maker is likely to begin hiring more employees, particularly in R&D.

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